Jiangsu Flag Chemical Industry plans to raise funds through a private placement of no more than 640 million yuan.

Jiangsu Flag Chemical Industry (300575.SZ) has announced the issuance of A-shares to specific investors in 2026. The issuance will include up to 35 (including 35) specific investors, including one of the company's actual controlling persons, Mr. Wu Yaojun. Mr. Wu Yaojun intends to subscribe for the company's shares in this issuance with no less than 50 million yuan. The total amount of funds to be raised through the issuance of A-shares to specific investors this time will not exceed 640 million yuan (including this amount), all of which will be used for the following projects: the production of 3400 tons of new pesticide active ingredients and related products per year (Phase II and Phase III: 1100 tons of dinitroaniline, 1100 tons of fluoxastrobin), the production of 1300 tons of new pesticide active ingredients and related products per year (Phase I: 600 tons of chlorfluoroethylbenzylpyrimidine), the production of 15500 tons of new pesticide active ingredients and related products per year (Phase II third batch: 700 tons of benzoethiazolone), the production of 1300 tons of pesticides and related products per year (zoxamide 800 tons, thiophanate 500 tons), the upgrade of the research and development center, the creation of pesticide product research and registration project, and the supplement of working capital.