Lude Technology announced that its board of directors has approved a 2026 plan to issue shares to specific investors through a simplified procedure, aiming to raise total proceeds of no more than 152 million yuan. After deducting issuance expenses, 110 million yuan will be used for the Yanghe distiller's grains resource utilization project, and 42 million yuan will be used to supplement working capital. The issuance targets are up to 35 specific investors, with the issuance price not lower than 80 percent of the average stock trading price over the 20 trading days before the pricing reference date, and a lock-up period of six months.
Road Environment Technology Co. Ltd. ACompany plans to raise up to 152 million yuan via simplified private placement, with proceeds for project and working capital.