On November 5, 2026, Nanjixiong learned that Farsoon Technologies disclosed its response to questions in the review of its private placement and revised its financing plan. The fundraising cap was cut from no more than RMB 3.910 billion to no more than RMB 1.754 billion. This is the second reduction: on October 8, it had already been lowered to RMB 2.940 billion.
Under the revised plan, the Advanced Additive Manufacturing Equipment Capacity Expansion Project, which had been allocated RMB 1.075 billion in proposed proceeds, has been removed from the offering and will instead be funded with the company's own or self-raised funds. Proposed proceeds for the Additive Manufacturing Integrated Service Platform project have fallen to RMB 1.513 billion, and those for the Global Operations Center to RMB 241 million. The plan has passed the board of directors and still requires review by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission.
The capacity project originally planned to add 1,000 3D printers per year, including annual capacity for 650 standard metal systems and 220 polymer systems. In its response, the company disclosed output of 222 machines in the first half of 2026. Compared with 357 newly commissioned units over the same period, capacity utilization reached 109.26%, meaning the production line was close to full load.
Nanjixiong's view Removing the RMB 1.075 billion expansion project from the offering and self-financing it means expansion no longer has to wait for refinancing approval. For Farsoon, whose orders are growing, this buys time but leaves the funding burden on its own balance sheet.
AI-translated from an article by Kuaixiong on Nanjixiong, originally published on 2026-11-06. Text and images retain the original source attribution.
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