Howen Auto & Electric announced that the company will reduce the total capital raised by issuing A-shares to specific targets in 2025 to 1,046 billion yuan, a decrease of 59 million yuan from the original plan. This adjustment is due to the fact that the total amount of new investment and proposed financial investment of 59 million yuan from the six months before the board resolution until the current issuance must be deducted from the total amount of capital raised. After the adjustment, the funds raised will mainly be used for the Hawn Auto & Electric Shenzhen production line expansion project, the Huizhou Haoen Auto Electric production line construction project, and the R&D center upgrade project. Other elements of this offering remain unchanged, and are subject to review and approval by the Shenzhen Stock Exchange and registration from the China Securities Regulatory Commission before implementation.

Howen Auto & Electric announced that the company will reduce the total capital raised by issuing A-shares to specific targets in 2025 to 1,046 billion yuan, a decrease of 59 million yuan from the original plan. This adjustment is due to the fact that the total amount of new investment and proposed financial investment of 59 million yuan from the six months before the board resolution until the current issuance must be deducted from the total amount of capital raised. After the adjustment, the funds raised will mainly be used for the Hawn Auto & Electric Shenzhen production line expansion project, the Huizhou Haoen Auto Electric production line construction project, and the R&D center upgrade project. Other elements of this offering remain unchanged, and are subject to review and approval by the Shenzhen Stock Exchange and registration from the China Securities Regulatory Commission before implementation.