Shunwei Group: Plans to raise no more than 300 million yuan through private placement.

Shunwei Corporation Announcement: The company plans to issue shares to specific targets through a simple procedure, raising a total amount of funds not exceeding 300 million yuan, and not exceeding 20% of the company's net assets at the end of the latest year. The number of shares issued this time shall not exceed 30% of the total share capital before the issue. The final issue price will be determined through negotiation based on the inquiry results and with the sponsor institution, but shall not be lower than 80% of the average stock trading price of the company in the 20 trading days before the pricing date. The raised funds, after deducting the issuance expenses, will be used entirely for the Wind Blade Automation Intelligent Manufacturing Technology Transformation Project, the High-Performance Modified Composite Material Production Construction Project, and for supplementing working capital.