Keli Motor Group Co., Ltd. announced that it will issue not more than 42,636,000 A shares for gross proceeds of not more than CNY 500,000,000 on September 25, 2020. The transaction will include participation from not more than 35 special investors. The pricing base date is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The transaction has been approved by the board of directors in the 13th meeting of the 2nd board of directors and still needs to be submitted to the company's shareholders meeting for review and approval, and can be implemented after approval by the China Securities Regulatory Commission.