According to Zhitong Finance App News, Wanwei Hi-Tech (600063.SH) disclosed plans to issue A-shares to specific targets. The distribution target is Wanwei Group, the controlling shareholder of the company, which subscribes to all shares issued by the company in cash. The total capital raised in this sale will not exceed 2.3 billion yuan (including the number of copies), and the net amount will be used for 200,000 tons/year ethylene functional polyvinyl alcohol resin project and the polyvinyl alcohol (PVA) optical film project for high-generation panels with an annual output of 30 million square meters.

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