Crown New Materials announced that the company plans to use the capital raised to increase capital to three wholly-owned subsidiaries to promote fund-raising projects, including 315 million yuan to Guangdong Crown, 276 million yuan to Jiangsu Crown, and 228 million yuan to Zhejiang Crown. After the capital increase was completed, the registered capital of all three subsidiaries increased to 350 million yuan. The company still holds 100% of its shares, does not involve related transactions or major asset restructuring, will not change the use of capital raised, and will not affect the scope of the company's consolidated statements. The capital increase was reviewed and approved by the board of directors of the company, and the sponsor, CICC, has no objection to the matter.

Crown New Materials announced that the company plans to use the capital raised to increase capital to three wholly-owned subsidiaries to promote fund-raising projects, including 315 million yuan to Guangdong Crown, 276 million yuan to Jiangsu Crown, and 228 million yuan to Zhejiang Crown. After the capital increase was completed, the registered capital of all three subsidiaries increased to 350 million yuan. The company still holds 100% of its shares, does not involve related transactions or major asset restructuring, will not change the use of capital raised, and will not affect the scope of the company's consolidated statements. The capital increase was reviewed and approved by the board of directors of the company, and the sponsor, CICC, has no objection to the matter.