Avita Technology plans to raise 12 billion yuan

Shanghai United Equity Exchange issued the "Avita Technology (Chongqing) Co., Ltd. Capital Increase Project" announcement. Avita Technology plans to raise no more than 12 billion yuan in total, which will be mainly used for company investment, subsequent vehicle research and development design, production line investment, market brand development, channel construction, etc., and to supplement the company's working capital. After the capital increase is completed, Chongqing Changan Co., Ltd. and Southern Industrial Asset Management Co., Ltd. will hold a total of no more than 50% of the shares.