Hangzhou Greenda Electronic Materials (603931.SH) participated in the strategic placement of Mu Xi shares' initial public offering with a subscription amount of 79.99 million yuan.

Hangzhou Greenda Electronic Materials (603931.SH) announced that in order to strengthen the strategic cooperation relationship with Muxi Stock and further enhance the company's sustained competitiveness, the company will participate as a strategic investor with its own funds to subscribe for Muxi Stock's first public offering of strategic placement shares. The total number of shares for the first public offering of Muxi Stock is 40.1 million shares, with an offering price of 104.66 RMB/share. The company will subscribe for 764,379 shares, with a subscription amount of 79.9999 million RMB. The subscription this time accounts for 1.91% of the total number of shares issued in the first public offering of Muxi Stock, and 0.19% of the total share capital after the first public offering of Muxi Stock.