Xiaxia Precision announced that on November 13, 2023, the company made an initial public offering of 15.5 million shares, raising a total capital of 831 million yuan and a net amount of 750 million yuan. In order to standardize fund management, the company signed tripartite supervisory agreements with sponsoring agencies and banks. On December 30, 2025, the board of directors of the company agreed to complete the fund-raising project to permanently supplement the working capital with the savings raised. Recently, the company transferred funds from the special account to its own account, cancelled five special fund-raising accounts, including the Bank of China and the Agricultural Bank, and terminated the tripartite supervision agreement.

Xiaxia Precision announced that on November 13, 2023, the company made an initial public offering of 15.5 million shares, raising a total capital of 831 million yuan and a net amount of 750 million yuan. In order to standardize fund management, the company signed tripartite supervisory agreements with sponsoring agencies and banks. On December 30, 2025, the board of directors of the company agreed to complete the fund-raising project to permanently supplement the working capital with the savings raised. Recently, the company transferred funds from the special account to its own account, cancelled five special fund-raising accounts, including the Bank of China and the Agricultural Bank, and terminated the tripartite supervision agreement.