Huaiji Dengyun Auto-parts (Holding) Co.,Ltd. announced a private placement to issue not more than 40,000,000 A shares pre-plan for gross proceeds not more than CNY 77,970,000 on March 20, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

The shares shall be issued shall have a hold period of 6 months from the issuance closing date. The transaction has been approved at the the 22nd meeting of the company's 5th directorate and the 21st meeting of the 5th supervisory board. The transaction is still subject to to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.