Jiangsu Jiatuo New Energy Intelligent Equipment Co., Ltd. announced that it will issue not more than 43,800,000 shares for a gross proceeds of CNY 574,426,230 on May 30, 2023. The transaction will include participation from new investor, Shenzhen Highpower Technology Co., Ltd. for not more than CNY 34,098,361, Shanghai Putailai New Energy Technology Co.,Ltd. for 252,900,000 shares, Chen Wei for 7,000,000 shares, BYD Company Limited for 6,100,000 shares, Ningbo Meishan Bonded Port Area Jingyuan Enterprise Management Partnership (Limited Partnership) 6,000,000 shares, Ningbo Meishan Bonded Port Area Haohan Enterprise Management Partnership (Limited Partnership) 5,810,000 shares, Ningbo Meishan Bonded Port Area Xuchuan Enterprise Management Partnership (Limited Partnership) 5,550,000 shares, Ningbo Meishan Bonded Port Area Tuoying Enterprise Management Partnership (Limited Partnership) 4,440,000 shares, Dongguan Hongnuo No. 2 Equity Investment Partnership (Limited Partnership) for 3,749,500 shares, Liyang Sukong Venture Capital New Energy Investment Partnership (Limited Partnership) 3,400,000 shares, Wuxi Qinfeng Xinyi Consulting Partnership (Limited Partnership) 3,350,000 shares, Gongqingcheng Tuohong Equity Investment Partnership (Limited Partnership) 3,270,000 shares, Qi Xiaodong 2,950,000 shares, Shenzhen Highpower Technology Co., Ltd. 2,600,000 shares, Gong Yitao 2,550,000 shares, Dongguan Hongnuo Equity Investment Partnership (Limited Partnership) 2,440,000 shares, Ningde Amperex Technology Ltd for 2,300,000 shares, Shanghai CLP Investment and New Energy Investment Management Center (Limited Partnership) 2,300,000 shares, Yibin Green Energy Equity Investment Partnership (Limited Partnership) 2,300,000 shares, Guangzhou Hangao Venture Capital Partnership (Limited Partnership) 2,300,000 shares, Nanchang Taikang Qianzhen New Energy Industry Investment Fund (Limited Partnership) 2,300,000 shares, Xu Jinlong for 2,260,000 shares, Shi Wei for 1,500,000 shares, Zhou Yan 1,500,000 shares, Jiangsu Cnano Technology Co., Ltd 1,500,000 shares, Suzhou Artes Zhuoyuan Venture Capital Partnership (Limited Partnership) 1,500,000 shares, Zhuhai Guanming Investment Co., Ltd. 1,500,000 shares, Zhangjiagang Taikang Qianzhen Equity Investment Partnership (Limited Partnership) 1,500,000 shares, Zou Chunyong 1,400,000 shares, Zhu Gaowen for 1,300,000 shares, Gongqingcheng Ruilai Venture Capital Partnership (Limited partnership) for 1,200,000 shares, Han Zhongwei for 1,000,000 shares, Wang Xiaoming for 1,000,000 shares, Liu Fang for 1,000,000 shares, Feng Suning 1,000,000 shares, Qiu Yu for 1,000,000 shares, Zhuhai Guanhe Investment Partnership (Limited Partnership) for 1,000,000 shares, Zhang Zhongtao for 900,000 shares, Li Qingmin for 900,000 shares, Ai Chunlin for 800,000 shares, Liu Yongbiao for 800,000 shares, Zhang Zhiqing for 800,000 shares, Jiaxing Ronghe Dianke Lushui Equity Investment Partnership (Limited Partnership) for 800,000 shares, Fang Qi for 600,000 shares, Liu Guangtao 600,000 shares, Jiang Bing 400,000 shares, HEFEI CAS DIHUGE AUTOMATION CO.,LTD for 400,000 shares, Hainan Dihong New Energy Venture Capital Partnership (Limited Partnership) for 400,000 shares, Yin Lixia for 300,000 shares, Chen Qingzhong for 300,000 shares, Zhang Xiaoquan for 300,000 shares, Tao Jing for 200,000 shares, Liu Jianguang for 200,000 shares, Shenzhen Chuangqi Kaiying Venture Capital Partnership (Limited Partnership) for 30,500 shares.

All parties involved in this capital increase will jointly acquire no more than 12.3904% of the equity in the company. The company raised funds at a pre-money valuation of CNY 4,000,000,000.