Terminate the private placement in 2022 and reopen in 2025, Yongsheng Lithium Industry responds.

On the evening of the 15th, Yongshen Lithium issued multiple announcements related to the issuance of additional shares. The announcements show that Yongshen Lithium plans to raise funds of no more than 500 million yuan through a private placement to its wholly-owned subsidiary Yonghong Investment, controlled by its controlling shareholder Yongrong Zhisheng. It is worth noting that Yongshen Lithium also issued an announcement on the same day regarding the termination of the non-public issuance of A shares scheduled for 2022. A journalist called Yongshen Lithium on the 16th as an investor, and a staff member stated that the private placement in 2022 was conducted through price inquiry, but the conditions of the price inquiry at that time have no relevance to the current conditions. Additionally, at that time, the controlling shareholder Shanshan had some issues, so the private placement was not carried out, and it was also not canceled. This time, it is a fixed price issuance, fully subscribed by the new controlling shareholder Yongrong. If the previous private placement is not canceled, it cannot be reissued now.