Sinoma Science and Technology: Zhonglian Investment intends to subscribe for 820 million yuan worth of shares.

date
29/09/2025
Announcement of China Materials Technology: The company's plan to issue A-shares to specific entities in 2025 has been approved by the board of directors. The issuance will include up to 35 specific entities, including Zhonglian Investment, which plans to subscribe for 820 million yuan of the company's shares issued to specific entities. The number of shares issued this time does not exceed 30% of the company's total share capital before the issuance. The total amount raised will not exceed 4.481 billion yuan. After deducting issuance expenses, the net proceeds will be used for the annual production of 35 million meters of low dielectric fiber cloth, the annual production of 24 million meters of ultra-low loss low dielectric fiber cloth, repayment of special payables from state-funded funds, and supplementing working capital. This issuance is subject to approval by the state-owned assets supervision and administration department or its authorized unit, approval by the company's shareholders' meeting, approval by the Shenzhen Stock Exchange, and registration decision by the China Securities Regulatory Commission.