Xinjiang Zhundong Petroleum Technology announcement, this issuance of A-shares to specific targets is aimed at Kelamayi City Investment. The pricing reference date is the announcement date of the 23rd meeting of the seventh session of the board of directors of the company. The issue price is 3.95 yuan/share. The number of shares issued this time does not exceed 50 million shares, the total amount raised does not exceed 0.198 billion yuan, and the net amount of funds raised after deducting related issuance expenses is intended for the oilfield service equipment update and upgrade project, supplementing working capital, and repaying debts.