Intend to raise 300 million yuan from controlling shareholder Yang Zemin or his controlled enterprises through a private placement of shares of power transmission and transformation equipment.

Wangbian Electric announced on February 6th that it plans to disclose a proposal to issue shares to specific targets. It intends to issue shares to one of the controlling shareholders of the company, Yang Zemin or his controlled enterprises, to raise funds of 300 million yuan for supplementary working capital.