Wanan Technology announced on the evening of November 29th that it will issue a prospectus (revised draft) for the issuance of shares to specific objects. The total number of shares issued this time will not exceed 144 million, and the total amount of funds raised will not exceed 724 million yuan. After deducting issuance expenses, the funds will be used for the construction of a new project for the annual production of 500,000 sets of aluminum alloy fixed clamps, a new energy vehicle chassis aluminum alloy lightweight construction project, and supplementary working capital.

The company stated that the implementation of the fundraising projects will increase the company's production capacity, enrich the product layout, and enhance the company's financial strength, providing security for future sustainable business development.

Specifically, the new project for the annual production of 500,000 sets of aluminum alloy fixed clamps is expected to use approximately 163 million yuan of the funds raised, and the project will be implemented by Zhejiang Wanan Technology Co., Ltd. in two factory areas.