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Shenzhen Fine Made Elect plans to raise funds not to exceed RMB1.05 billion

Shenzhen Fine Made Elect disclosed a non-public stock offering plan on January 28. The total amount of funds to be raised this time will not exceed RMB1.05 billion (USD162.40 million), which will be used for 5G radio frequency chips, LED chips and power management chip production and construction projects, R&D center construction projects and supplementary working capital.