Youyan new material: Youyan Yijin plans to introduce strategic investors for the second phase of the big fund.

On June 24th, Yoyan New Materials announced that its wholly-owned subsidiary Yoyan Yijin plans to introduce strategic investors. Yoyan Yijin will increase capital and expand share based on the benchmark date of September 30, 2024, with a net asset value of 4,994,265,800.00 yuan. National Integrated Circuit Industry Investment Fund Phase II Limited Liability Company subscribed to a registered capital of RMB 50,818,280.44, accounting for 5.67% of Yoyan Yijin's registered capital after the capital increase. The total investment of Phase II Fund is RMB 300,000,000.00, and the excess amount of 249,181,719.56 yuan is included in the capital surplus. The funds raised in this equity financing will be used for research and development of semiconductor materials and related business operations in the integrated circuit field, such as increasing the capability of high-purity materials, developing powder metallurgy target materials, and improving processing capability.