en.Wedoany.com Reported - China's Orbbec announced on July 22 that its board of directors approved a proposal to use 117 million yuan of raised funds to increase the capital of its wholly-owned subsidiary, Orbbec (Guangdong Shunde) Technology Co., Ltd., for the implementation of the "AI Vision Sensor and Intelligent Hardware Manufacturing Base Construction Project."

Following the capital increase, the registered capital of Shunde Orbbec will increase from 100 million yuan to 217 million yuan, and the company will remain a wholly-owned subsidiary of Orbbec. The announcement stated that this capital increase does not constitute a related party transaction or major asset restructuring and does not require approval from the company's shareholders' meeting.

According to the announcement, based on the registration approval issued by the China Securities Regulatory Commission on March 6, 2026, the company issued 10,103,092 A-shares in a private placement in 2025, with an issue price of 97.00 yuan per share. The total funds raised amounted to 979,999,924.00 yuan. After deducting issuance expenses (excluding tax), the net proceeds from the offering were 974,733,043.36 yuan. The raised funds will be used for the "Robot AI Vision and Spatial Perception Technology R&D Platform Project" and the "AI Vision Sensor and Intelligent Hardware Manufacturing Base Construction Project," with a total project investment of 1,986,656,200 yuan and a planned investment of 974,733,000 yuan from the raised funds.

The subsidiary receiving the capital increase, Shunde Orbbec, was established on September 12, 2023, and is registered in Shunde District, Foshan City, Guangdong Province. As of March 31, 2026, Shunde Orbbec had total assets of 284,148,200 yuan and net assets of 52,974,600 yuan. From January to March 2026, it achieved operating revenue of 12,417,900 yuan and a net loss of 10,643,600 yuan.

The company stated that this capital increase using part of the raised funds for its wholly-owned subsidiary is based on the need to advance the implementation of the fundraising projects. It does not change the use of the raised funds, aligns with the company's overall strategic planning and long-term development, will not adversely affect the company's normal production and operations, and does not harm the interests of the company or its investors.