Nanya New Materials announced that the board of directors of the company reviewed and passed the bill and agreed to use 740 million yuan of capital raised to increase the capital of the wholly-owned subsidiary Nanya New Material Technology Co., Ltd., of which 50 million yuan was included in paid-in capital and 690 million yuan was included in the capital reserve. After the capital increase is completed, the registered capital of Jiangsu South Asia will increase from 200 million yuan to 250 million yuan, and it will still be a wholly-owned subsidiary of the company. The capital increase was used to implement the “R&D and industrialization project for advanced high-frequency high-speed copper-clad plates based on AI computing power”. The investment direction of the fund-raising project has not changed, there is no need to submit it to the shareholders' meeting for review, and the sponsoring agency has issued an unobjected verification opinion.

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