Core Viewpoint - Ningbo Runhe High-tech Materials Technology Co., Ltd. plans to raise up to 400 million yuan through the issuance of convertible bonds to upgrade its main business in high-end organic silicon new materials and supplement working capital [1] Group 1: Fundraising Details - The company intends to allocate 340 million yuan to a high-end organic silicon new materials project, which will add a production capacity of 40,800 tons of deep-processed organic silicon products upon reaching full capacity [1] - The remaining 60 million yuan will be used to supplement working capital, alleviating financial pressure from business expansion and optimizing the financial structure [1] Group 2: Company Background and Market Position - Runhe Materials has been deeply engaged in the industry for many years and possesses a "one body and two wings" R&D system, with products receiving multiple international certifications [1] - The company holds a leading market position in the field of organic silicon post-processing agents and aims to seize domestic substitution opportunities in the organic silicon industry through this fundraising [1]