Shengxin Lithium Energy: Intends to raise no more than 3.2 billion yuan to supplement working capital and repay debts.

Shengxin Lithium Energy announced that the company plans to issue A shares to specific entities, raising a total of no more than 3.2 billion yuan, with the net amount after deducting issuance expenses to be used entirely for supplementing working capital and repaying debts. The company believes that the new energy vehicle and power battery industry will continue to grow, and the market space for lithium new energy materials is vast. This issuance plans to introduce Zhongchuang Xinhai and Huayou Holdings Group as strategic investors, deepen industry chain collaboration, and optimize the equity structure. Controlling shareholder Shengtun Group will participate in the subscription. After the fund raising is in place, it will enhance the company's capital strength and risk resistance ability, improve the financial structure, and be in line with the interests of the company and all shareholders.