[Liuguo Chemical Plans to Raise 800 Million Yuan Through Private Placement, Targeting Battery-Grade Refined Phosphoric Acid, and Expanding into New Energy and ESS Markets!] On May 26, Liuguo Chemical announced a plan to raise no more than 800 million yuan through a private placement to fund the construction of a project with an annual production capacity of 280,000 mt of battery-grade refined phosphoric acid. The total investment for the project is 1.194 billion yuan, with an expected payback period of 6.55 years. Liuguo Chemical stated that this fundraising and project construction represent a strategic adjustment to the company's industrial structure, aiming to gradually enter the new energy and new materials sectors. By producing and selling battery-grade refined phosphoric acid, the company hopes to further transform and develop towards the high-tech, high value-added markets of new energy materials and fine phosphorus chemicals.