Junsheng Electronics: Intends to subscribe for no more than 32.88 million shares of Xiangshan Stock with a total amount of 812 million yuan.

Junsheng Electronics announced that the company plans to subscribe for up to 32,879,402 shares of Xiangshan Co., Ltd. issued to the company through its own funds or self-raised funds. The issue price is 24.69 yuan per share, and the transaction amount is expected to be no more than 812 million yuan. The funds raised will be used to supplement the working capital of Xiangshan Co., Ltd. After the completion of this issuance, the company's shareholding ratio in Xiangshan Co., Ltd. will increase to 43.95%, which will help strengthen the strategic synergies between the company and Xiangshan Co., Ltd. in the automotive parts business.