2 Billion Yuan! Crown Advanced Material to Raise for Fluorine-Free Backplane and Aluminum Plastic Film Projects

PVTIME – On May 6, Crown Advanced Material Co., Ltd.(688560.SH), a Chinese high-tech enterprise, mainly engages on R&D, production and sale of solar materials, lithium materials and special protective materials, disclosed that it plans to issue shares to 35 specific objects for raising a total amount of no more than 1,996,880,000 yuan (included) funds, which will be used for its solar cell material projects after deducting the issuance fee.

The projects and investment are as following.

The raised funds will be mainly used for plants and machinery equipment to increase the production capacity of its aluminum-plastic film and fluorine-free backplane products, optimizing the products structure and further promoting the performance of the company.