Shanghai Putailai New Energy Technology Co.,Ltd. announced that it has received CNY 4.591499925 billion in funding from a group of investors

On November 25, 2020, Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659) closed the transaction. The company issued 50,706,791 shares at a price of CNY 90.55 per share for gross proceeds of CNY 4,591,499,925.05 in the transaction. The company paid CNY 4,503,550.36 as issue fees and received net proceeds of CNY 4,586,996,374.69 in the transaction.

The transaction included participation from Xuyong Jinduo Equity Investment Fund Management Co., Ltd., Taikang Asset Management Co., Ltd., Ping An Asset Management Co., Ltd., CICC Futures Co., Ltd., Tianfeng Securities Brokerage Co., Ltd., Investment Arm, CICC Capital Management Co., Ltd., Jinglin Preferred Private Fund, a fund managed by Greenwoods Asset Management Limited and Shanghai Greenwoods Asset Management Co., Ltd. for 1,656,543 shares each for proceeds of CNY 149,999,968.65 each, Caitong Fund Management Co., Ltd. for 1,659,856 shares for proceeds of CNY 150,299,960.80, China Southern Asset Management Co., Ltd. for 1,683,055 shares for proceeds of CNY 152,400,630.25, Citic Securities Co., Ltd. for 1,689,674 shares for proceeds of CNY 152,999,980.70, Guotai Asset Management Co., Ltd. for 1,932,633 shares for proceeds of CNY 174,999,918.15, Harvest Fund Management Co., Ltd. for 2,032,026 shares for proceeds of CNY 183,999,954.30, Three Gorges Capital Holdings Co., Ltd. for 2,208,724 shares for proceeds of CNY 199,999,958.20, SAIC Investment Qirui No. 1 and SAIC Investment Qirui No. 2, funds managed by SAIC Qizhen (Shanghai) Asset Management Co., Ltd for 4,417,448 shares for proceeds of CNY 399,999,916.40, China Life Insurance Assets Management Co.

Ltd. for 3,313,086 shares for proceeds of CNY 299,999,937.30, Hongde Fund Management Co., Ltd. for 4,196,576 for proceeds of CNY 379,999,956.80, CDH Investments Management (Hong Kong) Limited for 4,244,064 shares for proceeds of CNY 384,299,995.20 and China Asset Management Co., Ltd. for 10,077,305 shares for proceeds of CNY 912,499,967.75. The shares issued are subject to a hold period of 6 months from the date of issuance.