According to the announcement issued by Wuxi Rilian Technology Co., Ltd., Wuxi Rilian Technology Co., Ltd. raised about 654.38+0.5 billion yuan. This financing is mainly used for the company's technological transformation and industrial upgrading. The company also plans to use about half of its funds to repay bank loans and pay interest and other liabilities. After financing, the company's shareholding structure has also changed, and the original major shareholder will reduce part of its shares to raise funds for other businesses.