Potassium Corporation: Intends to raise funds through private placement of shares, not exceeding 586 million yuan, for use in the production line and warehousing system project for civilian explosives.

HuHua Group announced on the evening of July 28 that the company plans to issue shares to specific targets to raise a total of no more than 586 million yuan, which will be used for the automation and informatization transformation of the civil explosives production line and warehouse system, the purchase of mining engineering machinery and equipment, the construction of a new automated and intelligent production line for 2000 tons of detonators per year, and replenishment of working capital.