Gosuncn plans to raise no more than 374 million yuan through a private placement for project construction and to supplement liquidity

Gosuncn plans to raise no more than 374 million yuan by issuing A-shares to specific targets. The funds will be used for the expansion of Internet of Vehicles communication products, the construction of the Shenzhen R&D and operation center, and to supplement working capital. The number of issuance targets will not exceed 35, the issuance price will not be less than 80% of the average price of the 20 trading days prior to the pricing benchmark date, and the number of shares issued will not exceed 521 million shares