Shengli Precision plans to issue 1.02 billion shares to raise 1.95 billion yuan to expand production capacity

Suzhou Shengli Precision Manufacturing Technology Co., Ltd. (Shengli Precision) announced that it plans to issue no more than 1.02 billion shares and raise no more than 1.95 billion yuan in total. The funds will be used to expand the production capacity of automotive magnesium alloy products and automotive display glass products in Anhui and Suzhou, as well as the construction of R&D centers and replenishment of working capital.