According to CoinMeta, Zhongchao Holdings announced that the company issued A-shares to specific entities, raising a total of 992 million yuan in funds. After deducting the issuance expenses, the net amount of funds raised was 972 million yuan, which was transferred to the special account for raised funds on November 6, 2026, and the verification was completed. To standardize the management of the raised funds, the company and its subsidiaries have opened 8 special accounts for the raised funds, which are used respectively for the manufacturing of high-end components for aerospace engines and gas turbines, the research and development of intelligent manufacturing technologies for advanced high-temperature alloys, and the supplementation of working capital for the fundraising projects. The company, together with the sponsoring institution Guoyuan Securities, has signed tripartite and quadrilateral supervision agreements with the corresponding banks for the management of the raised funds, and these special accounts are only used for the deposit and use of funds for the respective fundraising projects.