Zhejiang Founder Motor Co.Ltd(002196) it is proposed to raise no more than 1 billion yuan, and the controlling shareholders will participate in the subscription

Zhejiang Founder Motor Co.Ltd(002196) disclose the plan for non-public offering of shares. This issuance is aimed at no more than 35 specific investors, including the controlling shareholder of the company Zhuoyue automobile. The total amount of funds raised is no more than 1 million yuan. The net amount of funds raised after deducting the issuance expenses is intended to be used for the annual output of 1.8 million sets of new energy vehicle drive motor project, the expansion project of Lishui dezhiqu Application Technology Research Institute and supplementary working capital. Among them, Zhuoyue automobile plans to subscribe in cash at the same price as other subscription objects, and the proposed subscription amount is not less than 100 million yuan and not more than 300 million yuan.