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On September 21, 2026, Yihao New Materials (301176.SZ) made an announcement stating its intention to raise a maximum of 1.8 billion yuan through the targeted issuance of A-shares. After deducting the relevant issuance expenses, the entire proceeds will be allocated to capital augmentation for the purpose of acquiring a minimum of 78% equity in Mingfeng Electronics. Mingfeng Electronics is a company that focuses on the research and development, manufacturing, and distribution of high-performance copper foil, boasting a designed annual production capacity of 70,000 tons. This capital infusion and subsequent acquisition are anticipated to constitute a significant asset restructuring. The execution of this plan is contingent upon the approval of the issuance by the Shenzhen Stock Exchange and the registration consent from the China Securities Regulatory Commission.
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