Shanghai Aiko Solar Energy Co.,Ltd. announced a private placement of not more than 547,982,715 A shares for the gross proceeds of not more than CNY 6,000,000,000 on June 27, 2023. The issue price shall not be lower than 80% of the average trading price of the company’s shares in the 20 trading days prior to the pricing base date. The transaction will include not more than 35 specific investors.

The shares issued shall not be transferred within 6 months from the date of completion of the issue. The transaction has been approved in the thirteenth meeting of the ninth board of directors of the company, and approvals from the company's shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission are still pending.