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Hangzhou Arcvideo Technology Co., Ltd. (688039.SH): Completion of fundraising projects and permanent supplementation of remaining funds for working capital.
Hangzhou Arcvideo Technology Co., Ltd. (688039.SH) announced on July 16th that the company held the third meeting of the third board of directors and the third meeting of the third supervisory committee on July 15, 2024, and approved the Proposal on Closing the Fundraising Project and Permanently Supplementing Working Capital with the Residual Raised Funds. The company agreed to invest the raised funds in the "Next Generation Transcoding System Upgrade Construction Project", "Intelligent Security Series Product Upgrade Construction Project", and "Cutting-edge Video Technology Research and Development Center Construction Project" and permanently supplement working capital with the residual raised funds.
Express News | Star Review: Semiconductor and smart grid sectors fell while photovoltaic sector showed active performance.
Express News | Star market review: AI application concept stocks rose collectively, and the sse science and technology innovation board 50 index rose in the afternoon and closed up 1.66%.
A-share market review: Strong rally! The Shenzhen Component Index and Chinext Price Index both rose by more than 1.5%, with over 4,800 stocks rising.
On June 26, GeLonghui reported that the main A-share indexes were slightly volatile in the morning and surged in the afternoon. As of the close, the Shanghai Composite Index rose 0.76% to 2972 points, the Shenzhen Component Index rose 1.55% to record three consecutive gains, and the Chinext Price Index rose 1.8%. More than 4800 stocks rose and the daily turnover was 643.4 billion yuan, which decreased by 4.8 billion yuan compared with yesterday. On the market, OpenAl announced the termination of API services for regions including mainland China, and concepts such as AI corpus, Sora, multimodal AI, AIGC and Kimi skyrocketed, while many stocks such as Duokewenhuo and Hangzhou Arcvideo Technology rose the daily limit of 20%. The short drama concept rises.
Express News | Hangzhou Arcvideo Technology Co., Ltd.: Shareholder Beijing Enlight Media plans to reduce its shareholding by 1%.
Express News | Hangzhou Arcvideo Technology Co., Ltd.: The company's video super compression technology can be applied to the commercial aerospace field.
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