Shijiazhuang Kelin Electric (603050.SH) plans to raise no more than 1.5 billion yuan through private placement to supplement working capital.

Shijiazhuang Kelin Electric (603050.SH) disclosed the plan to issue A-shares to specific investors. The subscriber for this issuance is Hebei Hisense Energy Holdings Co., Ltd. The subscriber will use its own funds or legally raised funds to subscribe to all the shares issued to specific investors in cash. The total amount of funds raised in this issuance to specific investors will not exceed 1.5 billion yuan. After deducting issuance expenses, all the funds raised are planned to be used for supplementary working capital.