On April 29, 2026, Farsoon High-Tech disclosed a private placement plan, intending to raise no more than 3.91 billion RMB (approximately $543 million).
After deducting issuance expenses, the net proceeds will be used for three major projects:
Advanced Additive Manufacturing Equipment Capacity Expansion Project – investment of 1.075 billion RMB (approx. $149.3 million)
Additive Manufacturing Integrated Service Platform Construction Project – investment of 2.356 billion RMB (approx. $327.2 million)
Global Operations Center Construction Project – investment of 478 million RMB (approx. $66.4 million)
The main purposes of this fundraising are threefold:
1. Seize industry opportunities to meet rapidly growing downstream demand
Driven by accelerating product iteration, the need for higher quality and efficiency, and the transition to green intelligent manufacturing, industries such as aerospace, automotive, medical, new energy, and low‑altitude aircraft are increasingly adopting 3D printing technology, shifting from R&D validation to batch production. The company needs to expand its equipment production capacity and scale‑up manufacturing capabilities to meet the strong market demand for industrial‑grade 3D printing equipment.
2. Strengthen the industrial chain and build an integrated R&D‑production platform
Additive manufacturing relies heavily on the synergy between equipment, materials, processes, and applications. By extending into the manufacturing stage, the company can deeply integrate technology R&D with real production environments, forming a closed loop of "R&D → process validation → scaled manufacturing." This improves resource utilization efficiency and accelerates commercial transformation.
3. Improve the global operations network and expand international channels
As the company's customer base becomes increasingly international, there are growing demands for localized service, application development, and rapid response. Farsoon High-Tech plans to establish operations centers in key regions such as Asia‑Pacific, Europe, and the Americas, enabling localized coordination of sales, after‑sales support, product demonstration, and channel expansion. This will enhance service efficiency and global competitiveness.
These fundraising projects will help Farsoon High-Tech further expand its market share, improve profitability, and solidify its leading position in the additive manufacturing industry.
