Germanium Nano: plans to raise up to 2.9 billion yuan for lithium battery projects and supplementary funds.

The announcement from Degson Nano stated that the company plans to issue shares to specific targets, raising a total of no more than 2.9 billion yuan. After deducting issuance expenses, 2.15 billion yuan will be used for the integrated project of lithium battery new materials, adding an annual capacity of 200,000 tons of new generation high-voltage lithium iron phosphate new materials; 750 million yuan will be used to supplement working capital. The project is expected to have a construction period of 24 months, and has already obtained the real estate certificate for the project site and the investment project filing certificate. The environmental impact assessment and energy assessment procedures are still in progress. This issuance will enhance the company's capital strength and competitiveness, but may dilute earnings per share and return on equity in the short term.