Power transmission: plans to issue no more than 600 million A-shares.
Power Transmission Announcement: The company plans to issue A shares to no more than 35 specific investors, with a total fundraising amount not exceeding 600 million yuan. After deducting issuance expenses, the funds will be used for investing in the smart factory project of wind turbine gearboxes and for supplementing working capital. The pricing reference date for this issuance is the first day of the issuance period, and the issuance price shall not be lower than 80% of the average stock trading price of the company for the 20 trading days prior to the pricing reference date. The issuance is limited to no more than 35 specific investors, including securities investment fund management companies, securities firms, trust companies, financial companies, insurance institution investors, etc. This issuance does not constitute a major asset restructuring, nor will it cause the company's equity distribution to not meet the listing requirements. This issuance still needs to be approved by the shareholders' meeting, approved by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission before it can be implemented.
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