New Qianglian: plans to issue stocks to specific targets to raise funds up to 1.5 billion yuan

Announcement of Xin Qianglian: Aiming to issue stocks to specific entities to raise up to 1.5 billion Yuan. The net proceeds from the fundraising, after deducting issuance expenses, will be used for the construction project of main bearings, yaw bearings, and components for wind turbines of 6MW and above, as well as for additional working capital. The total number of shares to be issued will not exceed 124 million, and the number of recipients will not exceed 35. The final issuance price will be negotiated and determined in accordance with relevant regulations.