Yongjie New Materials announced that all three fund-raising projects, including the “acquisition of 100% of Okonink's shares in Qinhuangdao and 95% of Okkonink Kunshan's shares”, have been implemented, and the savings raised 131,000 yuan will all be used for the “technical improvement project for high-precision aluminum plate with foil for lithium batteries with an annual output of 45,000 tons.” Since the savings are less than 1 million and 5% of the investment amount promised to raise funds for the project, there is no need to submit it to the board of directors for review. In addition, the company has completed the procedures for special account sales for funds raised by three banks, including China CITIC Bank.

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