Shengxin Lithium Energy: Terminates H-share issuance, plans to issue A-shares to specific investors to raise 3.2 billion yuan.

Shengxin Lithium Energy announced that the company's board of directors has approved the termination of the issuance of H shares and the listing on the Hong Kong Stock Exchange. At the same time, the company plans to issue A shares to specific parties, including Shengtun Group, Zhongchuang Xinhang, and Huayou Holdings Group, at a price of 17.06 yuan per share. The total number of shares to be issued will not exceed 188 million, with expected fundraising of no more than 3.2 billion yuan, to be used for supplementing working capital and debt repayment. In addition, the company plans to bring in Zhongchuang Xinhang and Huayou Holdings Group as strategic investors, and all related proposals will need to be submitted to the shareholder meeting for approval.