The private placement of Chen'an Technology, a local information company, has been accepted and will be listed on the Shenzhen Stock Exchange

On May 8th, the official website of the Shenzhen Stock Exchange disclosed the prospectus (application draft) for Beijing Chen'an Technology Co., Ltd. to issue A-shares to specific targets, and the company's private placement materials were officially accepted. It is reported that Chen'an Technology will issue no more than 69791291 shares to specific targets, which will not exceed 30% of the company's total share capital before this issuance. It will be listed on the Shenzhen Stock Exchange and sponsored by CITIC Securities. The total amount of funds raised by the company through the issuance of A-shares to specific targets this time shall not exceed RMB 1418.857 million. The net amount after deducting issuance expenses is intended to be used for AI+public safety intelligent brain projects, public safety intelligent equipment research and industrialization projects, supplementary working capital, and debt repayment.