On June 29th, Wynca Shares Co., Ltd. received approval from China Securities Regulatory Commission to issue shares toward specific investors. The company plans to raise funds of up to RMB 1.8 billion for the relocation and upgrade project of Zhejiang Kaihua Synthetic Materials Co., Ltd., a 35.6 kt/a high-purity polysiloxane project and working capital. The polysiloxane project includes a 15.5 kt/a silicone-based polymers unit, a 17.1 kt/a silicone fluid processing products unit and a 3 kt/a dual-component thermal adhesives unit, all of which are the intermediates and downstream products in the company's silicone chain.