Xingfu Electronic: Plans to raise no more than RMB 260 million through a private placement for a 40,000 t/a electronic-grade phosphoric acid project.

Xingfu Electronic announced that the company plans to issue A-shares to specific targets through a simplified procedure, with total funds raised not exceeding RMB 260 million, and no more than 35 issuance targets. After deducting issuance expenses, the raised funds are intended for a 40,000-ton-per-year electronic-grade phosphoric acid project. The relevant matters of this issuance have been authorized by the company's 2025 annual shareholders' meeting and approved by the board of directors, and still require approval by the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission.