Shengxin Lithium Energy announced that a board of directors meeting will be held on October 31 to review and pass a bill to issue A-shares to specific targets. The distribution targets are Shengtun Group, China Innovation Airlines, and Huayou Holding Group. The issue price is 17.06 yuan/share, and the number of shares issued does not exceed 187,573,269 shares. Prior to the transaction, actual controller Yao Xiongjie and his co-actors held 22.77% of the shares; after the issuance is completed, they are expected to hold 24.89% of the shares, while China Innovation Airlines and Huayou Holding Group will hold 5.02% and 5.99% of the shares respectively. This offering will not result in a change in control, and subscribed shares cannot be transferred within 36 months. The issuance still requires approval from the shareholders' meeting, the Shenzhen Stock Exchange, and the Securities Regulatory Commission, and there is uncertainty.

Shengxin Lithium Energy announced that a board of directors meeting will be held on October 31 to review and pass a bill to issue A-shares to specific targets. The distribution targets are Shengtun Group, China Innovation Airlines, and Huayou Holding Group. The issue price is 17.06 yuan/share, and the number of shares issued does not exceed 187,573,269 shares. Prior to the transaction, actual controller Yao Xiongjie and his co-actors held 22.77% of the shares; after the issuance is completed, they are expected to hold 24.89% of the shares, while China Innovation Airlines and Huayou Holding Group will hold 5.02% and 5.99% of the shares respectively. This offering will not result in a change in control, and subscribed shares cannot be transferred within 36 months. The issuance still requires approval from the shareholders' meeting, the Shenzhen Stock Exchange, and the Securities Regulatory Commission, and there is uncertainty.