On 14 February 2022, the application filed by Guangdong Senssun Weighing Apparatus Group Ltd. (002870.SZ.) (“Senssun”) for non-public offering was passed and approved by the Issuance Examination Committee of China Securities Regulatory Commission. 

The company is one of the largest weighing apparatus enterprises in China.  It intends to raise RMB 600 million in this non-public offering for new energy vehicle charging equipment and operation platform development, destination charging station construction and other projects, which will help the company further improve the new energy vehicle charging and distribution product system, build a perfect service and operation platform, and upgrade existing products and technologies.

Grandall Shanghai has been retained as the legal advisor in this project with Mr. SUN Li, Mr. QIAO Yingqiang and Mr. WANG Ziquan as key lawyers serving the case.