On 2 November, 2020, Zhejiang Yilida Fan Co., Ltd. ("Yilida") non-public offering of shares ("this offering") project was approved by the China Securities Regulatory Commission.
This offering was fully subscribed by its controlling shareholder Zhejiang Zheshang Asset Management Co., Ltd., and the total amount of funds to be raised will not exceed RMB 600 million. As the largest central air-conditioning fan manufacturer in Asia and a well-known manufacturer of building ventilators (engineering fans), Yilida has always upheld the spirit of innovation through the development of intelligent and efficient motors. It has gradually changed from traditional fan manufacturers inching to AI driven motor system integrator, who is striding forward to realize the brand conception of "Smart Wind".
As the issuer's lawyer, Llinks has provided professional legal services for the non-public offering of Yilida.
