Jinhua Chunguang Technology Co Ltd

Chunguang Technology has sharply lowered the upper limit of its 2025 private placement fundraising from no more than 776 million yuan to 492 million yuan. The key change is the removal of the Vietnam production base project, which was originally planned to use 116 million yuan in raised funds and will now be entirely funded by the company's own resources and self-raised capital. Meanwhile, the investment scale of the first phase of the Suzhou Shangteng 8 million unit cleaning appliance products project has been optimized, with total investment reduced from 481 million yuan to 468 million yuan, and the corresponding planned use of raised funds cut from 427 million yuan to 344 million yuan. The amount allocated for replenishing working capital and repaying loans has also been reduced from 233 million yuan to 148 million yuan.