Zhejiang Shibao announced that the company plans to issue A-shares to no more than 35 specific targets, raising no more than 1,394 billion yuan. After deducting issuance fees, it is intended to be used for automobile wire control steering system industrialization construction projects, passenger car next-generation intelligent transfer system industrialization construction projects, automotive electronic PPK product intelligent technology transformation projects, wire-controlled steering and corner module system R&D capacity building upgrading projects, and supplementary working capital. The plan has been reviewed and approved by the board of directors, and still needs to be reviewed by the shareholders' meeting, reviewed by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission.

Zhejiang Shibao announced that the company plans to issue A-shares to no more than 35 specific targets, raising no more than 1,394 billion yuan. After deducting issuance fees, it is intended to be used for automobile wire control steering system industrialization construction projects, passenger car next-generation intelligent transfer system industrialization construction projects, automotive electronic PPK product intelligent technology transformation projects, wire-controlled steering and corner module system R&D capacity building upgrading projects, and supplementary working capital. The plan has been reviewed and approved by the board of directors, and still needs to be reviewed by the shareholders' meeting, reviewed by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission.