Zhonghaida plans to permanently supplement working capital by raising approximately 122 million yuan from surplus funds

On December 12th, Zhonghai Da announced that the company plans to complete the investment project of raising funds through issuing stocks to specific targets in 2020, and will permanently supplement working capital with the remaining raised funds of approximately 122 million yuan. The total amount of funds raised this time is RMB 510 million, and the actual net amount of funds raised after deducting issuance expenses is RMB 501 million. The surplus funds of the project are mainly due to the company's prudent planning and strengthened cost control for the "R&D and industrialization project of high-precision positioning software and hardware products for intelligent driving", as well as the investment income obtained from cash management of some idle raised funds.