On October 17, NBTM New Materials (600114.SH) disclosed on the Shanghai Stock Exchange the "Announcement on Using Raised Funds and Self-Owned Funds to Increase Capital in Shanghai Fuchí and for It to Increase Capital in Lianyungang Fuchí to Implement the Fundraising Project" (No. 2026-085). Previously, on October 16, the company's 15th meeting of the ninth board of directors approved the capital increase proposal, and the company, Shanghai Fuchí, and minority shareholder Yuanzhi Xinghuo signed a capital increase agreement, effective the same day. Capital increase plan: NBTM New Materials will inject RMB 353 million into Shanghai Fuchí (RMB 349 million from raised funds + RMB 4.249 million from self-owned funds), while Yuanzhi Xinghuo will contribute RMB 3.5662 millionproportionally, for a total capital increase of RMB 357 million; Shanghai Fuchí will then inject RMB 349 million into its wholly-owned subsidiary Lianyungang Fuchí, specifically for the "High-Strength Lightweight MIM Parts and Modules Production Line Technical Transformation and Capacity Expansion Project," with products targeting high-end fields such as foldable screen hinges, AI computing, and precision robot components. After the capital increase, Shanghai Fuchí's registered capital will rise from RMB 87.9763 million to RMB 101 million, Lianyungang Fuchí's registered capital will rise from RMB 150 million to RMB 499.4 million, and NBTM New Materials' shareholding will remain unchanged at 99%. Background: NBTM New Materials previously acquired 34.75% of Shanghai Fuchí for RMB 673 million, raising its stake to 99% (transfer completed on August 13), and recently completed RMB 515 million in supporting fundraising (20.9944 million shares issued at RMB 24.51 per share, subscribed by 13 institutions). This capital increase is intended to advance the implementation of the fundraising project. Independent financial advisor CICC issued a verification opinion. Value to powder purchasers: (1) The MIM production line technical transformation and capacity expansion will directly expand demand for metal injection molding feedstock and water/gas-atomized powders, with stainless steel, titanium alloy, and low-alloy steel feedstock powders as the main categories; (2) The ramp-up of foldable screen hinges and precision robot components will drive demand for upgraded particle size distribution and flowability in high-strength lightweight MIM feedstock; (3) The capacity ramp-up pace at the Lianyungang base is worth tracking, as MIM powder suppliers can watch for windows of opportunity in its certification and supply system opening.