Jushri Technologies hits record high on share sale plan for projects

About this update from Jushri Technologies, Inc. Class A

** Shares of Jushri Technologies Inc SZSE:300762 jump 8.1% to 36.35 yuan, their highest level since debut in March 2019, and on course for fourth consecutive session of gain** The China-based military broadband mobile communication equipment manufacturer said it plans to raise up to 1 bln yuan ($141.46 mln) in share placement to fund projects** Proceed to be raised from the share sale will be used to fund development and industrialization of large-scale unmanned collaborative heterogeneous neural networks, and development of specialized intelligent robots, among others - co** YTD, stock up 62.2%, benchmark CSI 300 Index SZSE:399300 up 17.6%($1 = 7.0693 Chinese yuan renminbi)

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