Shang Wei Corporation: plans to issue stocks to Fuhua Chemical to raise funds of no more than 1.144 billion yuan.

Notice from Shangwei Co., Ltd., the company plans to issue shares to its controlling shareholder Wufa Chemical at a price of 6.31 yuan per share, with a total fundraising amount not exceeding 1.144 billion yuan, and an issuance quantity not exceeding 181 million shares, which is not more than 30% of the company's total share capital before this issuance. The proceeds raised will be used for projects related to intelligent upgrading and comprehensive capacity improvement, marketing center and brand promotion, as well as supplementing working capital. This issuance constitutes a related party transaction, and it still requires approval from the company's shareholder meeting, approval from the Shanghai Stock Exchange, and registration approval from the China Securities Regulatory Commission before it can be implemented.