Changzhou Steel Research Jiguang Additive Materials Manufacturing Co., Ltd announced that it will issue common shares for gross proceeds of not more than CNY 200,000,000.00 on August 25, 2023. The transaction will include participation from returning investors, Gaona Aero Material Co., Ltd. by investing not more than CNY 40,000,000, Steel Research Investment Co., Ltd. by investing not more than CNY 40,000,000, new investors, Changzhou Wunan Huizhi Venture Capital Co., Ltd. and Pingdu City Jiguang Ruifu Investment Management Center (Limited Partnership). The transaction has been approved at the 6th directorate during its 24th meeting.