Yawei Group: Plans to issue stocks to Yangzhou Chanfa Group to raise 719 million yuan.

Yawei Corporation Announcement: The company intends to issue shares to Yangzhou Industrial Investment Development Group Co., Ltd., with a total capital raised of 719 million yuan and a total of 99.7269 million shares to be issued. Yangzhou Industrial Investment Development Group will become the company's controlling shareholder, making this transaction a related party transaction. The funds raised will be used to supplement working capital, repay bank loans, optimize capital structure, reduce asset-liability levels, and enhance risk resistance capabilities. This issuance will still need to be approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission before implementation.