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On December 14, Shengxin Lithium Energy announced that the company intends to issue global depositary receipts (GDRs) and apply for listing
on the Swiss Stock Exchange.
Shengxin Lithium Energy said that the new A shares of the underlying securities represented by the company's GDR issuance do not exceed 91,189,587 shares, which does not exceed 10%
of the total share capital of the company's ordinary shares before this issuance.