Ningbo Tuopu Group Co., Ltd. (“Tuopu Group”) issued a plan to publicly issue convertible corporate bonds with a total amount of not more than 2.5 billion yuan. An annual output of 3.3 million sets of lightweight chassis system construction projects. At present, the construction land required for the investment project with raised funds has been obtained, and the relevant enterprise investment project filing procedures have been completed, and the relevant environmental assessment procedures are in the process of being processed.
Tuopu Group stated that the fund-raising investment project will further enhance the company’s global supply capacity of lightweight chassis modules, quickly seize the parts market due to the advancement of the automotive and new energy automotive industries, and enhance the company’s automotive lightweight chassis Competitiveness in the subdivision of core components will consolidate the company’s market position and ensure the company’s main business income and net profit will continue to grow.