Longyuan Power: Plans to raise no more than 5 billion yuan through private placement for use in wind power projects.

Longyuan Power announced on October 29th that the company plans to issue A shares to specific targets to raise a total of no more than 5 billion yuan. After deducting the issuance expenses, the net proceeds will be invested in the following projects: 500,000 kilowatt offshore wind power project at the site of Hainan Orient CZ8 and 1 million kilowatt wind power project at Shapotou, the supporting new energy base for "Ningxiang HVDC".