QuantumCTek Co., Ltd. announced that it has received CNY 1.775094651 billion in funding from China Telecom Quantum Information Technology Group Co., Ltd.

On December 11, 2024, QuantumCTek Co., Ltd. closed the transaction. The company announced that after deducting the issuance fee of CNY 23,248,532.79, the net amount of funds raised was CNY 1,751,846,118.35. The transaction has been approved by the China Securities Regulatory Commission.

The company announced that RSM China issued the Rongcheng Verification No. [2024] 230Z0133 capital verification report. After deducting the issuance-related expenses of RMB 23,248,532.79 excluding tax, the issuer actually raised a net amount of CNY 1,751,846,118.35, of which CNY 22,486,631.00 was included in "share capital" and CNY 1,729,359,487.35 was included in "capital reserve-share premium".

After the issuance, China Telecom Quantum Information Technology Group Co., Ltd. owns 22,486,631 shares in the company, accounting for 21.86% stake.