Shanghai Aiko Solar completes A-share private placement, raising nearly 3.5bn yuan

Shanghai Aiko Solar Energy Co., Ltd. announced the successful completion of its 2023 private placement of A-shares, raising a total of 3,499,999,995.54 yuan. The issuance involved 290,939,318 shares at a price of 12.03 yuan per share, with funds reaching the company's account by September 10, 2025. This capital injection is expected to enhance the company's financial strength and optimize its capital structure.

The private placement attracted 19 investors, including UBS AG, China International Capital Corporation Limited, and China Securities Co., Ltd., reflecting strong investor confidence. The offering adhered to regulatory approvals from the China Securities Regulatory Commission and the Shanghai Stock Exchange. The newly issued shares are subject to a six-month lock-up period from the issuance completion date.

The company's board, supervisors, and senior management affirmed the accuracy and completeness of the issuance report. The proceeds are earmarked for investments aligned with the company's core business, aiming to expand its market presence and reinforce its competitive advantage without altering the controlling shareholder structure or introducing new related-party transactions.