Fosu Technology announced that the company plans to issue A-shares to specific targets, raising no more than 4 billion yuan in total capital, to no more than 35 investors, including the controlling shareholder Guangxin Group. The capital raised is to invest 2 billion yuan in the Shaoguan base's green high-end wet membrane project with an annual output of 4 billion square meters, and 1.4 billion yuan for Wu'an Jinli New Energy Co., Ltd.'s green high-end coated diaphragm project with an annual output of 4 billion square meters, and an additional 600 million yuan in working capital. The offering is yet to be reviewed and approved by the shareholders' meeting, reviewed and approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission.

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