Lier Technology (688683.SH) has officially declared its intention to garner funds amounting to no more than 1.17 billion yuan through a private share placement targeted at specific investors. Once the issuance expenses are deducted, the proceeds will be earmarked for the following ventures: the project aimed at achieving an annual production capacity of 60,000 tons of new energy-coated carbon foil, the construction project for producing 36,000 tons of functional special coating foil materials annually, the establishment of a functional coating material innovation technology center, the development of a digital platform construction project, as well as to bolster the company's working capital reserves.