Shanghai Taisheng Wind Power Equipment Co., Ltd. announced that it has entered into a securities purchase agreement to issue not more than 174,672,489 A shares at price of CNY 6.87 per share for the gross proceeds of not more than CNY 1,199,999,999.43 on February 1, 2024. The transaction has been approved by the shareholders of the company in the 13th meeting of the 5th directorate and the 11th meeting of the 5th supervisory board. The shares cannot be transferred within 36 months from the issuance closing date.