Beijing Yupont Electric Power Technology Co., Ltd. announced a private placement to issue 4,108,060 convertible bonds at a price of CNY 100 per bond for the gross proceeds of CNY 410,806,000 on September 18, 2023. The transaction has been approved by the shareholders of the company in the 22nd meeting of the 3rd board of directors and 18th meeting of the 3rd board of supervisors. As a part of the transaction, the company will pay an issuance fee of CNY 7,160,700.