Zhonghe Technology: United BYD plans to expand the driverless market by 150 million yuan

According to the plan disclosed by Zhonghe Technology in mid-May, the company plans to issue 4,275,600 shares for a price of 682 million yuan to acquire 100% equity of Suzhou Keyuan held by Tang Xinliang and Kouike Investment, and intends to invest in Yongci at a price of 15.95 yuan. Non-public offering of shares such as Yunzhuo Investment raised no more than 476 million yuan in matching funds. The funds are intended to be used in fully automated driverless signal system solution research and development projects, Qingshan Lake Science and Technology City intelligent train research and development projects and repayment of company loans. Among them, the driverless signal project plans to use 150 million yuan of matching funds.

For the above-mentioned plan, the CSRC issued a feedback at the beginning of July after the review, requesting Zhonghe Technology to provide written explanations and explanations on relevant issues such as “synergy of listed investment projects and listed companies”. On September 23, the company responded to the above feedback.

According to Zhonghe Technology, in the process of cooperation with customers, more and more customers have raised the demand for unmanned analysis products and intelligent high-speed train systems. The implementation of the unmanned project and the intelligent high-speed train system in this fundraising project are mainly applied to the urban rail transit and high-speed railway fields. Therefore, the implementation of the fundraising project can not only effectively improve the diversity and systemicity of the company's customer service, but also provide Higher-end, smarter and more advanced rail transit specialized products and services to meet the multi-level needs of the original customers, while helping the company to develop new customers, such as further expanding the company before the involvement of less high-speed rail market, improve security Ability, implementation, retention and optimization, and improved service quality.

The company also said that the fully automatic unmanned signal technology is conducive to the company's independent research and development of signal products market expansion. On the one hand, as a supplier of signal equipment, the company provides complete automatic driverless signal system solutions and equipment for Shenzhen BYD Company to build an enterprise-class demonstration line with unmanned functions; on the other hand, with rail transit Vehicle manufacturer BYD has worked closely to expand the future of the unmanned rail transit market.

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