Crown Material announced on January 26 that the company plans to issue shares to specific objects to raise a total of no more than 2 billion yuan (315 million US dollars), which is planned to be used for the construction project of aluminum plastic film with an annual output of 200 million square meters of Crown Lithium Film Company, the construction project of aluminum plastic film with an annual output of 100 million square meters of Crown Lithium Film Company, the construction project of fluorine-free backplane with an annual output of 100 million square meters of Jiaming Film Company and supplementary working capital.