Defang Nano has announced its intention to raise a maximum of 2.9 billion yuan through a private share placement to select investors. Following the deduction of issuance-related expenses, the proceeds will be earmarked for the Integrated Lithium Battery New Material (Phase I) Project—a 200,000-ton-per-annum endeavor focused on phosphate-based new materials—and to bolster the company's working capital reserves. Specifically, the Integrated Lithium Battery New Material Project will require a total investment of 2.4 billion yuan, with a proposed allocation of 2.15 billion yuan from the funds raised through this placement. Additionally, 750 million yuan is earmarked for the working capital enhancement project. This strategic initiative aims to augment the company's production capacity by 200,000 tons of next-generation, high-compaction phosphate new materials, thereby addressing the burgeoning market demand in the realms of new energy vehicles and energy storage systems, and ultimately fortifying Defang Nano's competitive edge in the industry.