Hebei Tonghe New Energy Technology Co., Ltd. announced that it will issue 10,000,000 common shares at a price of CNY 1 per share for gross proceeds of CNY 10,000,000 on August 17, 2021. The transaction will include participation from returning investor Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. for proceeds of CNY 3,400,000, and new investors Employee Stock Ownership Platform A and Employee Stock Ownership Platform B for proceeds of CNY 3,300,000 each, to acquire 16.5% stake each, in the company. Post closing, the registered capital of the company will increase from CNY 10,000,000 to CNY 20,000,000, and the stake of Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. in the company will change from 100% to 67%. The transaction has been approved in the 22nd meeting of the third board of directors and the 18th meeting of the third board of supervisors of Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., and is not subject to its shareholders' approval.