Yabao Chemical: Planning to raise no more than 1.01B yuan through additional issuance

Yabon Chemical announced that in 2026 it plans to issue A-shares to specific targets to raise funds of no more than 1.005 billion yuan. After deducting the issuance expenses, the proceeds will be used for: the annual production of 700 tons of high-end pesticide intermediates project; a trial project for the annual production of 35 tons of high-end pharmaceutical intermediates; the construction of a project for the annual production of 2,019 tons of APIs and intermediates (Phase I); the construction of a project for the annual production of 140 tons of pharmaceutical APIs; the construction of a project for the annual production of 50 tons of ragotrectin; a 2-ton SERD inhibitor project; the construction of an R&D center; and the replenishment of working capital.

The number of shares to be issued in this offering will not exceed 289 million shares. The pricing benchmark date is the first day of the offering period, and the issue price will be no less than 80% of the company’s average stock trading price over the 20 trading days prior to the pricing benchmark date. One of the company’s actual controllers, Mr. Cai Tong, intends to subscribe to the shares to be issued in this offering for an amount of no less than 30 million yuan.