Betterly (603596) announced that the company has received a notice from the Shanghai Stock Exchange, informing that the company's application for a public offering of convertible bonds has been accepted and will be reviewed in accordance with the law. The proposed issuance of convertible bonds does not exceed 28.32 million, with a total issuance amount not exceeding RMB 2.832 billion. The net proceeds raised will be used for multiple projects, including the research and development (R&D) and industrialization of electronic mechanical braking systems, the industrialization of wire-controlled chassis braking systems, the construction of electronic parking brake systems, high-strength aluminum alloy casting projects, lightweight components and brake caliper projects in Mexico, as well as for supplementing working capital. The company's main business covers automotive braking systems, intelligent driving systems, and steering systems, with independent R&D capabilities. It boasts a complete R&D, production, and sales system, and has established multiple manufacturing bases and R&D centers globally. Its credit rating is AA.
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