Ningxia Jiaze Renewables Corporation (601619.SH) plans to increase its fundraising by no more than 1.2 billion yuan to supplement working capital and repay bank loans.

Ningxia Jiaze Renewables Corporation (601619.SH) disclosed its plan to issue shares to specific investors in 2024. The issuer of this issuance is the company's controlling shareholder Jiaze Longbo's wholly-owned subsidiary Borong Yihong, with a total of 1 specific investor. The issuance price is 2.61 yuan per share, and the total amount of funds raised is not more than 1.2 billion yuan (including). The net amount of funds raised after deducting issuance expenses will be used entirely to supplement working capital and repay bank loans.