Haomei New Materials: plans to raise funds of no more than 1.897 billion yuan for projects such as capacity expansion of high-performance aluminum profiles and components for lightweight vehicles in East and South China.

Haomei New Materials announced that the company plans to issue A-shares to specific targets, raising a total of no more than 1.897 billion yuan, for the expansion project of the automotive lightweight high-performance aluminum profiles and components production capacity in East and South China, the construction project of R&D innovation center, the intelligent technology transformation project of the South China production base, and supplementary working capital. The issuance targets are up to 35 specific investors, including securities investment fund management companies and securities companies that meet the requirements of the China Securities Regulatory Commission. The issuance price shall not be lower than 80% of the average price of the company's stock during the 20 trading days before the pricing reference date. The lock-up period is 6 months from the date of completion of the issuance.