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Zhenbao Technology announced that Wuhan Zhenbao Semiconductor Technology Co., Ltd., a wholly-owned subsidiary of the company, opened a special fund-raising account at the Wuhan branch of the Industrial and Commercial Bank of China in the Hubei Pilot Free Trade Zone to store and use the funds raised for the semiconductor component R&D and production base project. The company, Wuhan Zhenbao, the depositary bank, and the sponsor CITIC Securities have signed the “Quadripartite Supervision Agreement” to clarify the rights and obligations of all parties and standardize the management of funds raised. As of August 27, 2026, the balance of this special account was $10,000.

Zhitongcaijing·08/27/2026 10:33:14
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Zhenbao Technology announced that Wuhan Zhenbao Semiconductor Technology Co., Ltd., a wholly-owned subsidiary of the company, opened a special fund-raising account at the Wuhan branch of the Industrial and Commercial Bank of China in the Hubei Pilot Free Trade Zone to store and use the funds raised for the semiconductor component R&D and production base project. The company, Wuhan Zhenbao, the depositary bank, and the sponsor CITIC Securities have signed the “Quadripartite Supervision Agreement” to clarify the rights and obligations of all parties and standardize the management of funds raised. As of August 27, 2026, the balance of this special account was $10,000.