Chervon Automotive Precision Technology (Anhui) Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 400,000,000 on December 19, 2022. The transaction will include participation from Nanjing Chervon Auto Precision Technology Co., Ltd. The transaction has been approved at the 3rd Meeting of the 3rd Directorate and the 3rd Meeting of the 3rd Supervisory Board.