Wanlang Magnetic Plastics announced that the company plans to issue A-shares to specific targets, with no more than 35 people, and raised no more than 564 million yuan. After deducting issuance fees, it will be used for smart home appliance component expansion construction projects of 122 million yuan, smart home appliance product expansion construction projects of 143 million yuan, polymer modified material production line construction projects of 585.629 million yuan, high-performance magnetic material pilot platform construction projects, and the acquisition of a holding subsidiary's minority equity project of 353.3039 million yuan and supplementary working capital of 169 million yuan. The issuance has been reviewed and approved by the board of directors, and still needs to be reviewed by the shareholders' meeting, reviewed by the Shanghai Stock Exchange, and approved registration by the China Securities Regulatory Commission.

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