Zhutong Finance APP news, Xinjiang Zhundong Petroleum Technology (002207.SZ) announced the plan to issue A-shares to specific entities in 2024, with the shares issued to the specific entities being the controlling shareholder Kelamayi City Investment. The total number of A-shares issued to specific entities this time does not exceed 50 million shares (including this amount), not exceeding 30% of the company's total share capital before the issue.

The total amount of funds raised from the issuance of A-shares to specific entities this time shall not exceed RMB 0.198 billion (including this amount), and the net proceeds of the funds raised after deducting related issuance expenses are intended for the following projects: 1. Oilfield service equipment update and upgrade project, intending to invest 66.602 million yuan of the funds raised; 2. Supplementary working capital and debt repayment, intending to invest 0.131 billion yuan of the funds raised.