According to Xinxing Foundry's announcement, the company disclosed plans to issue shares to specific targets in 2026. The distribution target is Xinxing Jihua Group, the controlling shareholder, and plans to subscribe in cash; the number of shares issued will not exceed 198 million shares, and the total amount of capital raised will not exceed 269 million yuan, all of which will be used to repay special state-funded debts. The issuance is still subject to the state-owned assets supervision and approval process, and will be implemented after review and approval by the company's shareholders' meeting, approved by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission.

According to Xinxing Foundry's announcement, the company disclosed plans to issue shares to specific targets in 2026. The distribution target is Xinxing Jihua Group, the controlling shareholder, and plans to subscribe in cash; the number of shares issued will not exceed 198 million shares, and the total amount of capital raised will not exceed 269 million yuan, all of which will be used to repay special state-funded debts. The issuance is still subject to the state-owned assets supervision and approval process, and will be implemented after review and approval by the company's shareholders' meeting, approved by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission.