Zhejiang Zhengyu Industrial Co., Ltd.'s refinancing project has been accepted

Zhejiang Zhengyu Industrial Co., Ltd. (hereinafter referred to as "Zhengyu Industrial") has had its refinancing application accepted on the Shanghai Stock Exchange Main Board. The company plans to raise 450 million yuan to invest in the construction of the Zhengyu Intelligent Manufacturing Park (Phase II) and to supplement its working capital. The main products of the Zhengyu Intelligent Manufacturing Park (Phase II) are similar to its existing shock absorber products, including traditional suspension system shock absorbers, shock absorber assemblies, and electronically controlled intelligent suspension shock absorbers. The project has a total planned investment of 430.93 million yuan, of which 360 million yuan will be invested from the raised funds.