Worldia has officially declared its intention to raise capital through a private placement of A-shares to selected investors, with the total fundraising target set at no more than 1.45 billion yuan. Following the deduction of issuance-related expenses, the proceeds will be allocated to several pivotal projects. These encompass the Phase I Industrialization Project of Diamond Micro-drills, the Industrialization Project of Diamond Functional Components, and the R&D Center Project dedicated to Diamond Functional Materials. Additionally, a portion of the funds will be utilized to bolster working capital and settle interest-bearing debts, aligning with the company's strategic growth and financial optimization objectives.
