WUHU JINMAO LIQUID SCIENCE & TECHNOLOGY CO.,LTD announced that it will issue 19,000,000 shares at an issue price of CNY 2.87 per share for gross proceeds of CNY 54,530,000 on May 31, 2022. The transaction will include participation from returning investor Jiangxi Huawu Brake Co.,Ltd. The transaction was approved by the board of directors of eleventh meeting of the fifth directorate and 11th meeting of the 5th Supervisory Committee.