Aotecar New Energy's A-share issuance application approved by SZSE

Aotecar New Energy Technology Co., Ltd. announced on December 3, 2025, that its application for a non-public issuance of A-shares to specific investors has been approved by the Shenzhen Stock Exchange (SZSE). The company received the "Letter of Opinion from the Review Center on the Application for Non-public Issuance of Shares" from the SZSE's listing review center on December 2, 2025.

The SZSE's listing review center concluded that Aotecar New Energy's application for the targeted issuance of shares meets the issuance and listing conditions, as well as information disclosure requirements. Following this review, the SZSE will report the matter to the China Securities Regulatory Commission (CSRC) to fulfill relevant registration procedures.

The company's A-share issuance is still subject to the CSRC's approval for registration before it can be implemented. Aotecar New Energy cautions investors that there is still uncertainty regarding whether the CSRC will grant registration approval and the timing thereof. The company will provide timely updates on the progress and advises investors to exercise caution and be aware of potential investment risks.