Yishi Technology: Plans to raise no more than RMB 400 million through a private placement, to be invested in two projects and to supplement working capital.

Yishi Tong announced that the company plans to issue A-shares to no more than 35 specific investors, with total funds raised not exceeding RMB 400 million. After deducting issuance expenses, it plans to invest RMB 70 million in an annual production project of 8,000 tons of boehmite for ultra-thin coating of lithium battery separators, RMB 213 million in an annual production project of 20,000 tons of high-purity quartz sand, and RMB 117 million to supplement working capital. This issuance still requires review by the shareholders' meeting, approval by the Shanghai Stock Exchange, and registration consent from the China Securities Regulatory Commission.