Western Materials: Western Titanium, a holding subsidiary, plans to implement capital increase and share expansion, increasing its registered capital from 250 million yuan to 400 million yuan, and raising a total of approximately 602 million yuan

Western Materials (SZ002149, closing price: 14.04 yuan) announced on the evening of July 1 that the company's holding subsidiary, Western Titanium Industry, is one of the major domestic producers of titanium, zirconium and their processed materials. In order to improve the company's capital strength, increase risk resistance, and reduce asset-liability ratio, Western Titanium Industry plans to implement capital increase and share expansion, increasing its registered capital from 250 million yuan to 400 million yuan, and raising a total of approximately 602 million yuan.

From January to December 2023, the operating income of Western Materials is composed of: the rare metal rolling processing industry accounts for 100.0%.