Fulai New Material: plans to raise no more than 707 million yuan for expansion and research and development projects.

Fulai New Materials announced that it plans to issue A-shares to specific objects, raising a total of no more than 707 million yuan. After deducting expenses, a net amount of approximately 400 million yuan will be invested in four projects. Among them, 2.43 billion yuan will be invested in the expansion project of label printing materials, with an additional annual production capacity of approximately 77.3 million square meters after reaching full capacity; 2.21 billion yuan will be invested in the expansion and upgrading project of electronic grade functional materials, with an additional annual production capacity of approximately 37 million square meters after reaching full capacity; 36.3 million yuan will be invested in the upgrade project of the research and development center; and 207 million yuan will be used as supplementary working capital. Before the funds are raised, the company will make preliminary investments with its own funds.