Dechang Corporation: Proposed private placement to raise funds of no more than 1.524 billion yuan to optimize the layout of domestic and foreign production resources.

Dechang Corporation disclosed on the evening of April 28 that it plans to issue A-shares to specific targets for the 2025 fiscal year, with proceeds not exceeding 1.524 billion yuan, to be used for the construction of a project to produce 5 million household appliances per year in Thailand, a project for the production of 1.8 million smart home appliances per year, a project to build 5 million high-performance brushless DC motors per year, a project to produce 3 million small household appliances per year in Vietnam, and to supplement working capital.