QC Solar Corporation (301278.SZ) plans to raise funds through a simple procedure offering not more than 186 million yuan for project construction.

QC Solar Corporation (301278.SZ) disclosed a plan to issue stocks to specific targets in a simple manner in fiscal year 2024. The company plans to issue stocks to no more than 35 targets, raising a total amount of funds not exceeding 186 million yuan (including this amount). The net proceeds from the fundraising, after deducting related expenses, will be used for the construction of the photovoltaic junction box bypass protection module project, as well as the solar storage connector and wire harness production project. The pricing reference date for this issuance is the first day of the offering period. The issuance price will be no less than 80% of the average trading price of the company's stock for the twenty trading days prior to the pricing reference date. The number of issued stocks will be determined by dividing the total amount of funds raised by the issuance price and will not exceed 30% of the company's total outstanding shares before this issuance.