Kibing Group has officially declared that its board of directors has given the green light to a strategic initiative involving the issuance of A-share stocks to a select group of investors. This move is aimed at amassing funds capped at 1.427 billion yuan. Once the issuance expenses are subtracted, the net proceeds will be channeled into several key projects. These encompass the establishment of an ultra-thin flexible glass manufacturing platform and the execution of glass substrate projects. Additionally, the funds will support high-transmittance online CVD-FTO conductive glass technological transformation endeavors, high-performance new energy vehicle glass substrate carbon reduction and emission reduction technological transformation projects. Moreover, they will contribute to Kibing's digital upgrade and construction initiatives, as well as bolster the company's working capital reserves.