Approved by the China Securities Regulatory Commission, Shanghai PTL New Energy Technology Co., Ltd.'s 2017 innovative and entrepreneurial corporate bonds (first phase) were publicly issued on May 18. The total amount of bonds issued in this issue is RMB 200 million, which is the first public offering of innovative and entrepreneurial company bonds publicly issued on the Shanghai Stock Exchange.

The issuance of this issue of bonds has played a positive role in strengthening the research and development advantages of PTL Company and expanding the company's production capacity. In the future, PTL will seize the development opportunities of the industry, cooperate with the growth of the upstream and downstream industrial chains, expand the market in various application fields of lithium-ion batteries including electric vehicles, and actively carry out technology research and development to form a long-term technology and product portfolio. Development capabilities, so that the company's comprehensive competitiveness can be comprehensively improved, and the company will become a first-class enterprise in the field of key materials for new energy lithium-ion batteries and overall solutions for automated process equipment.