Blockbuster! Liugong's Application for Public Issuance of Convertible Bonds Was Approved by the Securities Regulatory Commission

Liugong announced on January 3.，On that day，The Issuance Examination Committee of the CSRC examined the Company's application for public issuance of convertible bonds.。According to the results of the meeting review，The Company's application for the public issuance of convertible bonds was approved.。

According to the company's previous announcement，The total amount of funds raised by this public issuance of convertible corporate bonds is not more than 3 billion yuan.（Including 3 billion yuan），After deduction of issuance expenses，The net proceeds are proposed to be invested in the following projects：Liugong Excavator Smart Factory Project、Liugong Loader Intelligent Transformation Project、Zhongyuan Hydraulic Business New Factory Planning and Construction Project、Construction Machinery Frontier Technology R & D and Application Project、Replenish working capital。

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