Jiujiang Defu Technology (301511.SZ) plans to raise funds of up to 1.93 billion yuan for the acquisition of equity, project construction, and other matters.

Jiujiang Defu Technology (301511.SZ) disclosed the plan to issue A-shares to specific targets in 2025. The company intends to issue shares to no more than 35 recipients at a price not lower than 80% of the average trading price of the company's stock for the twenty trading days before the pricing reference date. The number of shares to be issued will be determined by dividing the total amount of funds raised in this offering by the issue price, not exceeding 30% of the company's total share capital before the offering, which is equivalent to 189 million shares. The total amount of funds to be raised in this offering of A-shares to specific targets will not exceed 1.93 billion yuan, with the net proceeds after deducting issuance expenses intended to be used entirely for the acquisition of 100% equity in Luxembourg Copper Foil, electronic chemicals for copper foil additives project, and for supplementing working capital.