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General Research New Materials' wholly-owned subsidiary, General Research Yijin, intends to introduce strategic investors and bolster its capital and shareholding structure based on a net asset value of RMB 4.994 billion as of September 30, 2024. As part of this initiative, the National Integrated Circuit Industry Investment Fund II will invest RMB 300 million, acquiring a stake equivalent to RMB 50.8183 million in registered capital, representing 5.67% of the enlarged capital base. Following this financing round, General Research New Materials' ownership in General Research Yijin will be diluted to 94.33%. The funds procured will be earmarked for the research and development of advanced materials for the integrated circuit industry, as well as the expansion of related business endeavors.
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