New Life announced on July 16 that the company plans to adjust the investment and use of capital raised in the “Sensitive Resistor Production Capacity Expansion Construction Project” from 250 million yuan to 136 million yuan, and concentrate the reduced 114 million yuan and 115 million yuan of overraised capital into the new project “Electronics-specific Micro-Nano Powder Material Industrialization Construction Project”. The insufficient capital raised will be covered by the company's own funds. The new funding project follows the trend of precious metal substitution to meet the growing demand in the photovoltaic and MLCC sectors. The company plans to extend the sensitive resistor production capacity expansion construction project from October 2027 to October 2028, taking into account the changed construction cycle situation.

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