On February 12, 2026, Wenzhou Hongfeng unveiled its strategic initiative to issue A-share stocks to targeted investors, with the overarching goal of raising a sum not exceeding 450 million yuan. Following the deduction of issuance-related expenses, the proceeds will be earmarked for the expansion endeavors in the realms of lithium-ion battery copper foil, electronic copper foil, and semiconductor etching lead frame.
