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Jiuzi Holdings Inc. (JZXN) announced implementation details for its $1 billion capital plan, with initial cryptocurrency purchases expected to begin within two weeks, according to a company statement.
The electric vehicle charging infrastructure provider said it intends to raise funds through multiple sources including market financing, additional commitments from existing shareholders, operational revenue, and institutional investor participation. The company reported receiving positive investment intentions from institutional investors, long-term value investors, and strategic partners.
"We are encouraged by the strong support this plan has received from investors with diverse backgrounds," said CEO Tao Li. "It represents not only recognition of our achievements but also confidence in our ability to deliver future value."
The Hangzhou-based company specializes in high-power DC fast charging stations integrated with energy storage systems in China’s lower-tier cities. The capital plan aims to expand global market share, optimize capital structure, and enhance shareholder value through diversified funding sources.
Jiuzi stated that all transactions will be conducted transparently and in compliance with applicable laws and regulations, with updates to be disclosed in a timely manner to ensure equal access to information for all investors.
The company operates as a provider of new energy vehicle intelligent charging infrastructure and plans continued expansion through 2026 to support China’s carbon neutrality goals.