Anhui Liuguo Chemical (600470.SH) plans to issue additional shares to its controlling shareholder, among others, to raise funds of no more than 800 million yuan for a 28,000 ton/year battery-grade refined phosphoric acid project.

Anhui Liuguo Chemical (600470.SH) released the plan to issue A-shares to specific investors in 2025. The specific investors include up to 35 investors, including the company's controlling shareholder, Tongling Chemical Industry Group Co., Ltd. (referred to as "Tong Hua Group"). The total amount of funds raised from this issuance to specific investors (including issuance expenses) will not exceed 800 million yuan, and the funds raised after deducting issuance expenses will be used for investment in the construction of a 280,000 tons/year battery-grade refined phosphoric acid project.