Jiangsu Daybright Intelligent Electric Co.,LTD. announced a private placement to issue A shares for the gross proceeds of CNY 300,000,000 on April 12, 2024. The transaction will include participation from not more than 35 investors. The transaction has been approved in 4th Meeting of the 4th Board of Directors and 4th Meeting of the 4th Board of Supervisors and is restricted to a hold period of 18 months.