Finance and Economics APP News, Yongtai Transport (001228.SZ) disclosed the stock issuance proposal to specific targets for the year 2024, the company this time issuing stocks to specific targets is Yongtai Investment, Yongtai Investment is a partnership controlled by the company's actual controllers Chen Yongfu and Jin Ping, the issue price is 18.52 yuan/share, and the number of shares issued does not exceed 21.5983 million shares (inclusive).

The total amount of funds to be raised in this offering does not exceed 0.4 billion yuan (inclusive). After deducting the related issuance expenses, the funds raised will all be used to supplement the working capital, excluding the financial investment amounts newly invested and planned to be invested in the six months prior to the board of directors' resolution date for this issuance.