Sanchaoxincai (300554.SZ) plans to increase the fund-raising to Bodaheyi by no more than 250 million yuan.

Wisdom Finance APP News, Sanchao New Materials (300554.SZ) disclosed the A-share stock issuance plan for 2025 to specific objects, the company intends to issue 12.475 million shares to Bodahaiyi at a price of 20.04 yuan per share. The total amount of funds to be raised from this issuance to specific objects is not more than 250 million yuan (including this amount), and after deducting related issuance expenses, it will all be used to supplement working capital and repay bank loans.