Yu Yen New Materials (600206.SH) subsidiary Yu Yen Yi Jin intends to increase its capital and expand its shares. The National Integrated Circuit Industry Investment Fund Phase II will subscribe to 50.8183 million yuan.

Zhijing Finance APP News, New material research (600206.SH) announced that in order to further play the leading advantage of the domestic target material industry and build a world-class materials enterprise, the company's wholly-owned subsidiary, New Material Research Yijin, plans to introduce strategic investors. Yijin Yijin uses the net asset value corresponding to 100% equity on the evaluation benchmark date of September 30, 2024 as the benchmark, with a net asset value of 4.994 billion yuan. The National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. (referred to as "Phase II Fund") subscribed and registered capital of 51.183 million yuan, accounting for 5.67% of the registered capital of Yijin Yijin, with a total investment of 300 million yuan for the Phase II Fund, of which the portion exceeding the registered capital of 2.49 billion yuan is included in the capital surplus. The proceeds from this equity financing will be used entirely for R&D of target materials in the integrated circuit field and related business operations, such as enhancing the capacity of high-purity materials, developing powder metallurgy target materials, and improving processing capabilities.