Western Superconductivity announced that in order to further broaden financing channels, optimize the debt structure, reduce financing costs, enhance the flexibility of the company's capital management, and guarantee capital requirements brought about by the increasing scale of production and operation, the company plans to apply to the Shanghai Stock Exchange for the public issuance of science and technology innovation company bonds. The total amount of the proposed registered issuance will not exceed RMB 2 billion, and all of the funds raised will be used to supplement working capital.

Western Superconductivity announced that in order to further broaden financing channels, optimize the debt structure, reduce financing costs, enhance the flexibility of the company's capital management, and guarantee capital requirements brought about by the increasing scale of production and operation, the company plans to apply to the Shanghai Stock Exchange for the public issuance of science and technology innovation company bonds. The total amount of the proposed registered issuance will not exceed RMB 2 billion, and all of the funds raised will be used to supplement working capital.