Higa Co.,Ltd.(603150.SH) plans a private placement to raise no more than 564 million yuan.

Higa Co., Ltd. (603150.SH) announced that the company plans to issue A-shares to specific targets, with total fundraising not exceeding 564 million yuan (inclusive). After deducting issuance expenses, the proceeds will be fully used for: the smart home appliance components capacity expansion construction project, the smart home appliance products capacity expansion construction project, the polymer modified materials production line construction project, the high-performance magnetic materials pilot platform construction project, the project to acquire minority equity in controlled subsidiaries, and to supplement working capital.