World Superhard Materials Plans to Raise RMB 300 Million via Private Placement, All for Diamond Projects

World Superhard Materials (688028.SH), a Sci-Tech Innovation Board listed company, released the "2026 Plan for Directed Private Placement via Simplified Procedure" on March 2, 2026, planning to raise no more than RMB 300 million, all to be invested in three major diamond projects.

According to the announcement, the raised funds will be used for:

1. Industrialization Project of Diamond Micro Drills (Phase I): RMB 133 million investment. Upon completion, it will add an annual capacity of 560,000 diamond micro drills, mainly for micro-hole processing in consumer electronics, precision machinery and other fields.

2. Industrialization Project of Diamond Functional Materials (Phase I): RMB 131 million investment. It will add an annual capacity of 270,000 CVD diamond acoustic diaphragms, mainly used in high-end audio, headphones and other consumer electronics.

3. R&D Center Project for Diamond Functional Materials: RMB 36 million investment. It will focus on R&D in cutting-edge fields such as diamond semiconductor materials and thermal management materials, providing technical support for the company's follow-up development.

The projects will be located in Jiaxing, Zhejiang, with a total construction period of about three years. World stated that the private placement aims to expand into high value-added precision micro drills and layout diamond semiconductor materials, in line with the company's "precision tools + functional materials" dual-driven strategy, and will further enhance its core competitiveness in the superhard materials sector.

As a leading listed company in the superhard cutting tools sector, World's private placement has attracted great attention from investors and the industry. Insiders believe that this move reveals the industry's trend toward precision and functionalization, which is highly consistent with the development needs of consumer electronics and precision machinery.