On September 18, Foster announced that the company used the raised funds to provide loans to subsidiaries such as Guangdong Foster, Foster Electrical Materials, Guangdong Photovoltaic Foster and Vietnam Foster.
According to the announcement, the company intends to use the raised funds to provide loans to Guangdong Foster, the main body of the project "annual output of 210 million square meters of photosensitive dry film project", with a total loan amount not exceeding RMB 150 million; It is proposed to use the raised funds to provide loans to Foster Electrical Materials, the main body of the project "Annual Output of 100 Million Square Meters (High Resolution) Photosensitive Dry Film Project" and "Annual Output of 5 Million Square Meters Flexible Copper Clad Laminate (Material) Project", with a total loan amount not exceeding RMB 200 million. The loan interest rate refers to the bank loan interest rate of the same period at the time of signing the loan agreement, and the loan term is 3 years.
The company intends to use the raised funds to invest in Guangdong Photovoltaic Foster, the main body of the project "250 million square meters photovoltaic film project per year" and "3855.04 KWp roof distributed photovoltaic power generation project". The contribution amount is RMB 300,000,000 yuan, which is directly included in the registered capital; It is proposed to use the raised funds to invest in Vietnam Foster, the implementation entity of the project "Vietnam's annual output of 250 million square meters of high-efficiency battery packaging film project", with a contribution amount of 390 million yuan, which is directly included in the registered capital.