Xingfu Electronics announced that the company plans to issue A-shares to specific targets through a simple procedure. The total capital raised will not exceed 260 million yuan. The net amount after deducting issuance fees will all be used for the 40,000 tons/year electronic grade phosphoric acid project. The project has a total investment of 480 million yuan. The construction period is 2 years. The construction site is located in the Qiting Economic and Technological Development Zone in Yichang City, Hubei Province. Relevant approval procedures such as project filing, safety conditions review, and EIA approval have been completed. The capital raised this time is invested in the field of scientific and technological innovation. After completion, 40,000 tons of electronic grade phosphoric acid production capacity will be added to enhance the company's production capacity supply and delivery guarantee capabilities.

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