Fixed Increase of 2.5 Billion yuan, Yicheng Xinneng Increases Optical Storage

21, Yicheng Xinneng announced that the company's application for issuing shares to specific targets was accepted by Shenzhen Stock Exchange.

The announcement shows that on July 20, the company received the Notice on Accepting the Application Documents of Henan Yicheng New Energy Co., Ltd. for Issuing Stocks to Specific Targets issued by Shenzhen Stock Exchange (Shenzhen Stock Exchange [2023] 583). The Shenzhen Stock Exchange has checked the relevant application documents submitted by the company for issuing shares to specific targets, considered that the application documents are complete, and decided to accept them.

It is reported that the total amount of funds raised by Yicheng Xinneng's stock issuance is not more than 2.5 billion yuan (including this number), and the funds raised are mainly invested in the construction of lithium-ion battery anode materials and distributed photovoltaic power plant projects. The net proceeds after

deducting the issuance expenses will be used for the following projects:

The Company said that with the construction and operation of the project invested by the proceeds, the Company will optimize the existing production layout, expand the production capacity of lithium-ion battery anode materials and the installed capacity of photovoltaic power plants. Enhance the company's product supply capacity and core competitiveness. The

company's issuance of shares to specific targets is subject to the approval of the Shenzhen Stock Exchange and the decision of the CSRC to approve the registration before implementation. Whether it can finally pass the examination of Shenzhen Stock Exchange and obtain the decision of China Securities Regulatory Commission to approve the registration and its time are still uncertain. According to

the data, Yicheng Xinneng is mainly engaged in the research and development and application of new energy and new materials, mainly engaged in the production and sale of photovoltaic cells, graphite electrodes and related products, all-vanadium flow energy storage power stations, lithium batteries, solar frames and graphite products, and the construction and operation of photovoltaic power stations.