Jiangsu Sopu: Intends to issue no more than 350 million shares, with a total fundraising amount not exceeding 1.5 billion yuan.

Jiangsu Sopu Announcement: the company intends to issue shares to no more than 35 specific investors, with a total fundraising amount not exceeding 1.5 billion yuan. The net proceeds from the fundraising, after deducting issuance expenses, will be used for the acetic acid and EVA integration project. The number of shares to be issued this time will not exceed 350 million, and the issuance price shall not be less than 80% of the average stock price of the company for the 20 trading days before the pricing reference date. This issuance still needs to be approved by the competent state-owned assets supervisory and administrative department, approved by the company's shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange, and registered by the China Securities Regulatory Commission before implementation.