RiseSun MGL New Energy Technology Co., Ltd. announced that it will issue a shares at an issue price of not be less than 80% of the average trading price during the 20 trading days prior to the pricing base date for the gross proceeds on June 8, 2023. T The company will issue A shares to not more than 35 specific investors to raise supporting funds. The transaction has been approved in the 27th session of the company’s 7th directorate and 1. Counter parties’ internal decision-making body and is still subject to company’s directorate, shareholders’ meeting, reviews and approves the formal plan of the transaction, Shenzhen Stock Exchange and China Securities Regulatory Commission.