Wanlang Magnetic Plastic: Plans to raise no more than RMB 564 million through a private placement in 2026 for home appliance capacity expansion, new materials construction, and other projects.

Wanlang Magnetic Plastics announced that the company plans to issue A-shares to specific targets, with no more than 35 subscribers, raising a total of no more than RMB 564 million. After deducting issuance expenses, the proceeds will be used for the smart home appliance components capacity expansion construction project at RMB 122 million, the smart home appliance products capacity expansion construction project at RMB 143 million, the polymer modified materials production line construction project at RMB 58.5629 million, the high-performance magnetic materials pilot platform construction project at RMB 35.8396 million, the project to acquire minority equity in a controlled subsidiary at RMB 35.3039 million, and to supplement working capital at RMB 169 million. The issuance has been approved by the board of directors and still requires approval by the shareholders' meeting, review by the Shanghai Stock Exchange, and registration approval by the China Securities Regulatory Commission.