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Inovance: Plans to raise no more than 500 million yuan through additional issuance
Inovance announcement: It plans to raise funds by issuing A-shares to certain specific parties, with the total amount of funds raised not exceeding 500 million yuan. The number of shares to be issued shall not exceed 82.2741 million shares. The funds raised are intended to be invested in the Suzhou Inovance Phase III High-End Equipment Intelligent Manufacturing Project (proposed to use 30,000.00 million yuan of the funds raised) and the Zhongshan R&D Center Construction Project (proposed to use 20,000.00 million yuan of the funds raised). The issuance targets are no more than 35 specific investors. The issue price shall not be lower than 80% of the average trading price of the company’s stock over the 20 trading days prior to the pricing benchmark date.