Nanowei Technology announced that the company responded to an inquiry letter issued by the Shanghai Stock Exchange to review the issuance of shares to specific targets. The proposed increase is to raise no more than 710 million yuan in capital, of which 500 million yuan will be used for biochromatography media and functional microsphere production projects, and 210 million yuan will be used to supplement working capital. The fund-raising project products include chromatographic fillers/chromatography media, biosynthetic media, and phenolic resin microspheres. The first two types have been supplied on a large scale. Phenolic resin microspheres have not yet been scaled but are part of the existing polymer microsphere system. The technology is the same origin and is feasible. The internal rate of return of the project after tax is 22.46%, and the payback period after tax is 8.32 years.

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