Jingce Electronics: The planned additional capital raising will not exceed 1.494 billion yuan

On October 13, Jingce Electronics announced the company's plan to issue A-shares to specific objects. It is reported that the total amount of funds to be raised by Jingce Electronics in this issuance will not exceed RMB 1.494 billion (including the principal amount). After deducting the issuance expenses, it is planned to be used for the research and development and industrialization construction projects of Shanghai Jingce Semiconductor Technology Co., Ltd., the research and development and industrialization projects of Micro-LED display full-process testing equipment, and the replenishment of working capital projects.

Jingce Electronics pointed out that the purpose of this issuance is to support semiconductor R&D and industrialization construction projects, effectively guarantee the company's ability to meet market demand and industry technology development trends in a timely and efficient manner, and at the same time, through the construction of Micro-LED display full-process testing equipment R&D and industrialization projects, to enhance the production service capabilities for downstream customers, continuously improve market share and profitability, and help the company achieve its strategic development goals. In addition, the company urgently needs to raise funds through this issuance to supplement the company's working capital, in order to enhance the company's financial strength and enhance the company's ability to resist risks. 

It is reported that among the two projects planned by Jingce Electronics, the total investment in the R&D and industrialization construction project of Shanghai Jingce Semiconductor Technology Co., Ltd. is 1.2 billion yuan, and it plans to use 743 million yuan of raised funds for a construction period of 3 years. This project is planned to be implemented in Qingpu District, Shanghai. On the basis of Jingce Electronics' existing business, the company will enhance its semiconductor testing equipment, pan-semiconductor process and testing equipment R&D and production capabilities through the construction of R&D and production buildings and supporting facilities, the purchase of equipment, and the introduction of talents.

The total investment of the R&D and industrialization project of Micro-LED display full-process testing equipment is 365 million yuan, and it is planned to use 303 million yuan of raised funds, with a construction period of 2 years. This project is planned to be implemented in Wuhan City, and will increase the R&D efforts in cutting-edge technologies in the field of Micro-LED optical detection and color measurement, industrial artificial intelligence, driving and testing, and chip digital-analog hybrid testing.

In addition, Jingce Electronics plans to use 448 million yuan of the funds raised to supplement working capital.

The company said: "The funds raised this time will be used for the research and development and industrialization construction projects of Shanghai Jingce Semiconductor Technology Co., Ltd., the research and development and industrialization projects of Micro-LED display full-process testing equipment, and the replenishment of working capital projects. The investment projects raised this time are in line with national industrial policies and the company's future strategic development plans. The implementation of the investment projects with the raised funds will further enrich the company's product structure, improve product quality, enhance the company's research and development capabilities, improve the company's production automation and intelligent level, enhance the company's comprehensive competitiveness, enhance the company's profitability, and be conducive to the company's sustainable development. It is in line with the interests of the company and all shareholders of the company."