Wanwei High-tech: Plans to raise no more than 2.3 billion yuan for PVA resin and optical film projects.

Wanhui High-tech announced that it plans to issue A-shares to its controlling shareholder, Wanhui Group, to raise a total of no more than 2.3 billion yuan. After deducting issuance expenses, the funds will be used for a 200,000 tons/year ethylene-based functional polyvinyl alcohol resin project and a 30 million square meters/year optical film project for high generation panels. The issuance constitutes a related party transaction, and the shares subscribed by Wanhui Group cannot be transferred within three years. The plan has been approved by the board of directors but requires approval from state-owned enterprises, the shareholders' meeting, the Shanghai Stock Exchange review, and registration with the China Securities Regulatory Commission.