Hootech Inc. (301026.SZ) plans to issue convertible bonds to raise no more than 542 million yuan for projects such as comprehensive utilization of precious metal secondary resources and technological transformation.

Hootech Inc. (301026.SZ) has announced the issuance of a convertible corporate bond plan to unspecified parties. The total fundraising size for this convertible bond issuance is not to exceed 542 million RMB (including the principal), which will be used for the following projects after deducting issuance expenses: 1. Hootech Inc.'s precious metal secondary resource comprehensive utilization technology upgrade project, with an intended investment of 202 million RMB from the funds raised; 2. Haobo New Material's precious metal secondary resource comprehensive utilization project, with an intended investment of 241 million RMB from the funds raised; 3. Supplementary working capital, with an intended investment of 100 million RMB from the funds raised.