Shenzhen Highpower Technology (001283.SZ) plans to increase its fundraising by no more than 800 million yuan for project construction.

Shenzhen Highpower Technology (001283.SZ) disclosed its plan to issue A shares to specific investors in 2026. The company intends to issue shares to no more than 35 specific investors at a price not lower than 80% of the average price of the company's stock for the 20 trading days before the pricing date, with a maximum of 29.9829 million shares to be issued. The total amount of funds raised from this issuance to specific investors will not exceed 800 million yuan, and the net proceeds after deducting issuance expenses will be used for energy storage battery construction projects and steel shell stacked lithium battery construction projects.