ST Haiyuan: plans to raise no more than 220 million yuan through a private placement.

ST Haiyuan announcement, intending to issue stocks to a specific entity Chuzhou City Ziyang Energy Technology Co., Ltd. to raise funds not exceeding 220 million yuan, with an issue price of 5.61 yuan/share. The expected number of shares to be issued is not more than 39.2157 million shares, and the raised funds will be used to supplement working capital. This issuance constitutes a related party transaction, and the shares subscribed by Chuzhou Ziyang cannot be transferred within 18 months from the end of the issuance.