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According to Dongcai Technology's announcement, the company will raise 106 million yuan of funds from the discontinued fund-raising project to invest in the “protective base film project for new display polarizers with an annual output of 18,000 tons.” The implementing entity of the project is Chengdu Dongcai, a wholly-owned subsidiary of the company. A special fund raising account has been opened at the Mianyang branch of China Merchants Bank. The company and Chengdu Dongcai have signed a tripartite supervisory agreement with the depositary bank and sponsor CITIC Construction Investment Securities for the special fund raising account. As of September 17, 2026, the balance of this special account was 107 million yuan, which is only used for the storage and use of funds for the new fund-raising projects mentioned above.
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According to Dongcai Technology's announcement, the company will raise 106 million yuan of funds from the discontinued fund-raising project to invest in the “protective base film project for new display polarizers with an annual output of 18,000 tons.” The implementing entity of the project is Chengdu Dongcai, a wholly-owned subsidiary of the company. A special fund raising account has been opened at the Mianyang branch of China Merchants Bank. The company and Chengdu Dongcai have signed a tripartite supervisory agreement with the depositary bank and sponsor CITIC Construction Investment Securities for the special fund raising account. As of September 17, 2026, the balance of this special account was 107 million yuan, which is only used for the storage and use of funds for the new fund-raising projects mentioned above.
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