Suwen Electric Energy announced that it plans to raise 687 million yuan of capital for the 2022 targeted stock issuance investment projects — the “Power Electronic Equipment and Energy Storage Technology Research and Development Center Construction Project” and the “Smart Electrical Equipment Production Base Construction Project” to raise 687 million yuan of capital for the “Integrated Optical Storage and Charging Station Construction, Operation and Maintenance Project.” The new project is implemented by Jiangsu Guangmingding New Energy Technology Co., Ltd., a wholly-owned subsidiary, and its subsidiaries to build and operate 91 integrated optical storage and charging stations in 8 provinces and municipalities directly under the Central Government. The total investment of the project is 1,049 million yuan, of which it is planned to use raised capital of 687 million yuan. The shortfall will be invested in cash management income and interest income from the company's own funds raised and idle funds raised. The amount of capital raised for the above proposed repurposing accounts for 49.46% of the total amount raised of 1,389 billion yuan.

Suwen Electric Energy announced that it plans to raise 687 million yuan of capital for the 2022 targeted stock issuance investment projects — the “Power Electronic Equipment and Energy Storage Technology Research and Development Center Construction Project” and the “Smart Electrical Equipment Production Base Construction Project” to raise 687 million yuan of capital for the “Integrated Optical Storage and Charging Station Construction, Operation and Maintenance Project.” The new project is implemented by Jiangsu Guangmingding New Energy Technology Co., Ltd., a wholly-owned subsidiary, and its subsidiaries to build and operate 91 integrated optical storage and charging stations in 8 provinces and municipalities directly under the Central Government. The total investment of the project is 1,049 million yuan, of which it is planned to use raised capital of 687 million yuan. The shortfall will be invested in cash management income and interest income from the company's own funds raised and idle funds raised. The amount of capital raised for the above proposed repurposing accounts for 49.46% of the total amount raised of 1,389 billion yuan.