Shanghai Golden Bridge InfoTech (603918.SH) plans to raise no more than 633 million yuan through a private placement.

Shanghai Golden Bridge InfoTech (603918.SH) announced that the company plans to issue shares to specific targets to raise a total amount of no more than 633 million yuan. After deducting issuance expenses, the funds will be used for: upgrading the core solution of smart space, AI research and development project for industry applications, and supplementing working capital.