Guoxuan High-Tech: Plans to issue A-shares to specific investors to raise no more than 5 billion yuan for projects including an annual production of 20GWh power batteries

Guoxuan High-Tech announces plans to issue A-shares to specific investors to raise no more than 5 billion yuan. After deducting issuance costs, the raised funds will be fully used for the 20GWh power battery project, Guoxuan High-Tech’s 20GWh new energy battery base project, the new lithium-ion battery (20GWh) intelligent manufacturing base project, and to supplement working capital.

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