Zhitong Finance App News, Guofa Co., Ltd. (600538.SH) announced that the company plans to issue A-shares to specific targets through a simple procedure, with a total capital raised of no more than 120 million yuan. The net capital raised after deducting the relevant issuance fees will all be used for: Chinese and Western medicine eye drop workshop upgrade and expansion projects, active ingredient biosynthesis AI laboratory construction projects, and supplementary working capital.

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