On September 11, 2026, Hongchang Electronic (603002.SH) made an announcement stating its intention to issue A-shares to specific investors, aiming to raise a total of no more than 1.8 billion yuan. Following the deduction of issuance expenses, the proceeds will be allocated to the following initiatives: the construction project of Zhuhai Hongren, which is set to annually produce 13.2 million high-end copper clad laminates and 31.2 million meters of semi-cured sheets; the intelligent and green upgrading and renovation project of Wuxi Hongren, which will produce 9.6 million meters of high-end semi-cured sheets annually; the advanced packaging film material (GBF) project; and to bolster working capital reserves. This strategic plan received approval from the board of directors on September 10, 2026, and is still pending the green light from the shareholders' meeting, a review by the Shanghai Stock Exchange, and registration approval from the China Securities Regulatory Commission.