On December 23, Gronghui announced that Zhejiang Shibao (01057.HK) stated that its wholly-owned subsidiary, Jiangsu Feiying Autos Technology Co., Ltd. (hereinafter referred to as "Feiying Autos"), will be the new implementing subject for the "Autos Intelligent Steering System and Key Components Construction Project." Recently, Feiying Autos established a special account for raising funds and signed a five-party supervision agreement for the fundraising.
浙江世宝(01057.HK)：斐鹰汽车开设募集资金专户并签署募集资金五方监管协议
Zhejiang Shibao (01057.HK): Feiying Autos has established a special fund-raising account and signed a five-party supervision agreement for raised funds.
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