Zhongjing Electronics raised RMB 300 million in additional capital for new energy FPCA projects and to supplement working capital

Zhongjing Electronics announced that it will raise 300 million yuan through a private placement to be used for the Zhongjing New Energy Power and Energy Storage Battery FPC Application Module Project (Phase I) and to supplement working capital. The project will be built in Zhuhai Fushan Industrial Park and is expected to add an annual production capacity of 3 million FPCA production lines after reaching full capacity.