Yida Co., Ltd.: Plans to raise no more than RMB 636 million through a private placement to invest in chemical projects.

Yida Co., Ltd. announced that the company plans to issue shares to specific targets in 2026, with total funds raised not exceeding RMB 636 million, and the number of shares issued not exceeding 30% of the total share capital before the issuance. After deducting issuance expenses, the raised funds are intended to be invested in two projects: First, the subsidiary Taixing Yida's annual production of 200,000 tons of propylene oxide derivative products project, with an intended investment of RMB 548 million. Upon completion, it will form production capacity of 155,000 tons/year of propylene glycol ether and 45,000 tons/year of propylene glycol ether esters, with a construction period of 24 months; Second, the subsidiary Zhuhai Yida's annual production of 25,000 tons of electronic chemicals purification, blending, and filling technical transformation project, with an intended investment of RMB 88.8702 million, and a construction period of 12 months. If the actual raised funds are insufficient, the shortfall will be resolved by the company through self-raised funds.