Zhaofeng approves RMB 1.4B convertible-bond plan for robotics and intelligent-driving components
Zhaofeng approved a proposed convertible-bond issuance of up to RMB 1.4 billion for embodied-robotics and intelligent-driving precision components plus precision transmission modules.

Evidence notes
- RMB 1.104 billion is allocated to an embodied-robotics and automotive intelligent-driving high-end precision-components industrialization project.
- RMB 296 million is allocated to a precision transmission-module construction project covering robot transmission and module capacity.
- The plan remains subject to shareholder approval, Shenzhen Stock Exchange review and CSRC registration.
Company context
Zhejiang Zhaofeng Mechanical and Electronic manufactures bearings, planetary roller screws and other motion components, including products presented for embodied-intelligence robot joints.