Fengyuan Co., Ltd. announced that the company plans to issue A-share stocks to no more than 35 specific objects, raising a total of no more than 1.428 billion yuan. After deducting the issuance expenses, the funds will be used for the renovation and expansion project with an annual output of 100,000 tons of high-performance lithium battery lithium iron phosphate cathode materials, the production line project with an annual output of 50,000 tons of the same type of materials, and to supplement the company's working capital.
