Central shares proposed to raise 3 billion investment projects

China Securities Network News (reporter Shang) central shares (002129, shares bar) September 23 evening issued a plan to increase.　　The company proposed to raise funds not more than 3 billion yuan for investment in CFZ Crystal silicon and ultra-thin diamond line monocrystalline Silicon Slice project, CFZ area fused monocrystalline silicon and diamond wire slicing project and supplementary liquidity. According to the plan, the company's non-public offering share price is not less than 17.99 yuan, the issue quantity does not exceed 166.76 million shares. The company's controlling shareholder, Central Group, will not participate in this increase.　　Upon the completion of the issue, the Central group will hold a stake of not less than 34.59% per cent in central and remain a controlling shareholder of the company. For the use of investment funds, the company intends to invest 1.3 billion yuan for the construction of CFZ crystal silicon and ultra-thin diamond line monocrystalline silicon slice project. The project will be built in the central PV plant, the production of CFZ direct-pulling silicon rods, and will transform the central photovoltaic 8# production Workshop, for the production of DW efficient solar wafer, to solve the early slicing capacity and slicing technology upgrade needs, the project will add the main production process equipment 293 units.　　The project production year is expected to achieve an average sales income of 1.918 billion yuan, investment finance internal rate of return is 20.94%. The company said, "CFZ single crystal silicon and ultra-thin diamond line monocrystalline silicon slicing project" The use of the world's leading CFZ technology and the world's leading diamond wire slicing technology, greatly improve the quality of silicon wafer, unit silicon chip rate and slicing efficiency, reduce the loss of silicon material cutting.　　The project realized the solar wafer technology breakthrough, the production of world-class quality semiconductor crystal silicon rods at a lower cost and the world's leading high efficiency solar cell wafer. In addition, the company intends to invest 1.1 billion yuan to build CFZ zone fused monocrystalline silicon and diamond wire slicing project. The project utilizes the silicon ingot material supplied by central PV to produce semiconductor-grade and solar-grade CFZ zone fused monocrystalline silicon, and then uses DW technology to produce semiconductor-grade and solar-grade CFZ monocrystalline silicon wafers.　　Project up to the postpartum, is expected to achieve an annual output of high-performance solar wafer and semiconductor wafer production scale of 93.17 million, the annual average sales income is expected to achieve 813 million yuan, investment finance internal rate of return of 19.68%. According to the introduction, "CFZ Zone fused monocrystalline silicon and diamond wire slicing project" Using CFZ technology and diamond wire slicing technology, to create world-class quality of high-purity semiconductor monocrystalline silicon wafers and the world's most efficient solar cell wafer conversion efficiency,　　The realization of the semiconductor monocrystalline silicon wafer technology extends from the past area fused silicon wafers to the lower cost CFZ mono-crystalline silicon wafer technology, and realizes the strategic transformation and upgrade of the solar mono-crystalline silicon wafer from the past direct-pulling monocrystalline silicon wafer technology to the more efficient CFZ monocrystalline silicon wafer technology. In addition, the company will raise funds in the non-public offerings of 600 million yuan to replenish liquidity, will help companies to raise investment projects to implement the required operating capital needs, reduce financial risks, and further improve profitability.