Xianglu Tungsten announced that the net amount of capital raised by the company by issuing A-shares to specific targets was 477 million yuan. The raised capital was transferred to a special fund raising account on August 26, 2026. In view of the fact that the “Production Project of Ultrafine Tungsten Alloy Wire for Photovoltaics with an annual output of 30 billion meters” was implemented by the company and its wholly-owned subsidiary Xianglu New Materials, Guosheng Securities, and the Agricultural Bank of China Chaozhou Branch signed a “Four-Party Supervision Agreement” to supervise the storage and use of funds raised by the project. As of September 28, 2026, the balance of the special fund raised by Xianglu New Materials was 0 yuan.

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