Foshan Golden Milky Way Intelligent Equipment Co Ltd

Jin Yinhe announced on the evening of September 27 that it plans to issue A-shares to no more than 35 specific investors, with the number of shares not exceeding 67.8599 million, representing 30 percent of the 226.1996 million total shares outstanding before this issuance, and total funds raised not exceeding 1.5 billion yuan. After deducting issuance expenses, the proceeds will be allocated as follows: 490 million yuan to the industrialization project for high-end intelligent equipment for sodium-ion batteries, consumer lithium batteries, solid-liquid batteries, and new energy storage batteries; 290 million yuan to the research and construction project for high-end intelligent equipment for dry electrodes and solid-state batteries; 270 million yuan to phase one of the silicon-based materials and polymer materials construction project; 100 million yuan to the research and construction project for high-end intelligent equipment for silicone supercritical physical foaming and vacuum thermal reduction of rubidium and cesium metals; and 350 million yuan to supplement working capital. The company's existing equipment mainly targets front-end equipment for liquid lithium batteries, and this fundraising will comprehensively cover next-generation technology routes such as sodium-ion batteries, solid-state batteries, consumer lithium batteries, and new energy storage. The construction period for all projects is 36 months. The after-tax internal rate of return for the sodium-ion battery equipment project is expected to be 15.49 percent, and for the silicon-based materials project 17.72 percent, with investment payback periods of 9.04 years and 7.32 years respectively. After the issuance is completed, Jin Yinhe's total share capital will increase from 226 million shares to approximately 294 million shares. The shareholding of controlling shareholder Zhang Qifa and his concert parties will be diluted from 19.06 percent to 14.66 percent, while control remains stable. In the first half of 2026, Jin Yinhe's dry electrode production equipment for solid-state batteries achieved batch sales and delivery, and in July 2026 it signed an equipment procurement order with Jinlongyu to supply 11 sets of front-end core equipment, including slurry mixing, coating, and cell baking, for its 2 gigawatt-hour solid-state battery mass production line project in the Dapeng New District of Shenzhen.

Foshan Jinhe Yinhe Intelligent Equipment Co., Ltd.'s holding subsidiary Jiangxi Jinde Lithium New Energy Technology Co., Ltd. successfully won the exploration rights for the Jiaokeng tin polymetallic deposit in Yudu County, Jiangxi Province, with a bid of 25.01 million yuan, and recently obtained the exploration right real estate certificate issued by the Ministry of Natural Resources. The exploration target is tin ore, covering an area of 1.749 square kilometers, and the project is located in the non-ferrous metal metallogenic belt of southern Jiangxi. The company stated that obtaining the exploration rights is an important step in extending upstream into mineral resources. Tin is a strategically important metal widely used in electronic information, new energy, computing servers, and other fields, and is often associated with rare and precious elements such as lithium, rubidium, and cesium, which will create synergies with the company's existing lithium battery equipment, lithium battery new energy materials, and rubidium-cesium salt businesses. The funding source is self-owned or self-raised funds, and the company also cautioned that the actual mineral types, resource quantities, and grades are uncertain and require further exploration.