Rongtai shares obtained approval from the China Securities Regulatory Commission and plans to raise 1.05 billion yuan for new energy vehicle projects

Jiangsu Rongtai Industrial Co., Ltd. (Rongtai) has been approved by the China Securities Regulatory Commission to issue no more than 55,823,944 shares and plans to be listed on the main board. Rongtai plans to raise no more than 1.05 billion yuan, which will be mainly used for new energy vehicle parts intelligent manufacturing projects and to supplement working capital.