On November 10, Crown New Materials announced plans to inject RMB 228 million of raised funds into its wholly-owned subsidiary, Zhejiang Crown New Material Technology Co., Ltd., with the entire amount earmarked for the "Zhejiang Crown Optical Film Industrialization Project."

This marked the only capital injection in the company's current RMB 819 million fundraising round that is devoted entirely to optical film — a move that further underscores the growing weight of optical film in its capacity expansion strategy.

According to the fundraising project plan, the Zhejiang Crown Optical Film Industrialization Project is located in Changxing, Huzhou. Once fully operational, it will achieve an annual production capacity of 6.3 million square meters of optical film materials, with products spanning specialty surface bonding tapes, high-cleanliness optical films, and other categories. A timetable previously disclosed in an institutional research report indicates that the project is expected to be capitalized as fixed assets by the end of 2028, at which point it will dovetail with the company's existing OCA optical adhesive business — a segment that has already reached annual revenue of nearly RMB 100 million.