JAC announced that the company received approval from the controlling shareholder Jiangqi Holdings and agreed in principle to the company's plan to issue A-shares to specific targets. The financing scale shall not exceed 4.9 billion yuan (including capital), and the number of shares issued this time shall not exceed 30% of the company's total share capital before issuance. The overall plan for issuing shares this time still needs to be approved by the company's shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange, and registered in accordance with the relevant regulations before it can be implemented. After the current stock issuance process is completed, the company shall promptly apply for procedures such as property rights registration and industrial and commercial changes in accordance with regulations.