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Chinese companies invest in Israeli LIGCAPPLICATIONLTD’s laser-induced graphene technology

Fubon Co., Ltd. (300387.SZ) issued an announcement that the company and LIGCAPPLICATIONLTD. (hereinafter referred to as "Israel LIGC") recently signed the "round preference share subscription agreement". This time, it plans to use its own funds of 3 million US dollars (approximately RMB 20,465,400 yuan, of which 500,000 U.S. dollars has been paid for the subscription, and the 6,324,500 preferred shares issued by Israeli LIGC, each with a par value of 0.01 NIS (approximately 0.0196 yuan). After the completion of the share subscription, the company will hold Has 26.471% equity in Israel LIGC.

Through this investment in Israel’s LIGC, the company has obtained the relevant laser-induced graphene platform technology, which has a greater advantage compared with traditional chemical synthesis of graphene. The introduction of the above-mentioned technology to Wuhan City for incubation will help reduce the domestic graphene field and the global Technology gap; based on the above technology, it will help the company to cut into the air purification and wastewater treatment fields, and provide downstream fertilizer manufacturers with supporting products such as air purification, dust treatment, and sewage treatment; based on the current large-scale new air purification facilities Demand, increase the research and development of civilian air purification products, and further improve the company’s development layout.

Israel LIGC was established in May 2019 and is committed to becoming a laser-induced graphene research and development and application manufacturer. In 2013, Professor James Tour of Rice University (a member of the Royal Society of Chemistry, known as one of the 50 most influential scientists in the world) first discovered the laser-induced graphene technology, and Israel’s LIGC relied on the technology patents of Rice University At the forefront of the commercial application of laser-induced graphene.

At present, Israel LIGC has developed a technology to produce porous graphene foam on a large scale. The above-mentioned materials have electrical conductivity, Joule heating, good flexibility and anti-microbial properties. The main commercial application scenarios include active air purification, active water purification and other fields. ; Priority is given to the development and production of active air filtration sterilization and anti-virus products.

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