Kangda New Materials intends to issue a maximum of 91.02 million shares to a maximum of 35 investors, with the goal of raising up to RMB 585 million. The proceeds from this private placement will be allocated towards the expansion of electronic grade epoxy resin production, the establishment of a research and development center, the development of military electronics composite material projects, and the replenishment of working capital. Notably, Tangshan Industrial Control, the controlling shareholder, will participate in the subscription process.