According to CoinMeta and a press release from Qiangrui Technology, the board of directors has approved a plan to issue shares to specific targets. The number of recipients will not exceed 35, and the funds raised will not exceed 1.05 billion yuan. The funds will be allocated as follows: 430 million yuan for the research and development and manufacturing of precision liquid cooling components for servers and automated server assembly and testing equipment; 115 million yuan for the production and manufacturing of high-end semiconductor equipment components; 220 million yuan for the construction of Qiangrui Technology's headquarters base in Longhua District; and 285 million yuan for replenishing working capital. This matter still requires review by the shareholders' meeting, approval from the Shenzhen Stock Exchange, and registration by the China Securities Regulatory Commission.