Haoneng Auto Electric: plans to raise funds of no more than 1.105 billion yuan for projects such as the expansion of the Shenzhen production line of Haoneng Auto Electric.

Haoneng Autoelectric announced on the evening of August 5th that it plans to raise funds through a private placement of no more than 1.105 billion yuan, which will be used for the expansion project of the Shenzhen production line of Haoneng Autoelectric, the construction project of the Huizhou production line of Haoneng Autoelectric, and the upgrade construction project of the R&D center of Haoneng Autoelectric.