Aotecar plans targeted A-share issuance to boost capital

** Aotecar New Energy Technology Co. Ltd. (SZSE:002239) has announced a plan for a targeted A-share issuance aimed at strengthening its capital structure and supporting its strategic objectives. The company intends to issue no more than 232,283,464 shares, not exceeding 30% of the total share capital, to a specific investor, its holding company, Hubei Yangtze No. 1 Industry Investment Partnership. The shares will be priced at CNY 2.54 per share, contingent on market conditions, and the issuance aims to raise up to CNY 590 million before expenses, to supplement working capital or repay bank loans.