According to the Zhitong Finance App, Chaowei Dynamics (00951) announced that the company plans to issue 132 million shares to six individual investors at a discount of HK$4.48 per share (same unit) at a discount of 17.80%, which is equivalent to increasing the share capital by 10.65%.

The company stated that the subscription was a good opportunity for the company to further raise capital and expand its shareholder base; the net proceeds were 591 million yuan, and it is intended to use the net proceeds as the group's general working capital.