On February 1st, 5.29 million stock convertible corporate bonds issued by the company were listed and traded on the Shenzhen Stock Exchange, and the bonds were referred to as "卡倍转债02". 

The net funds raised by the company's convertible bonds will be 521 million RMB, which will be used for "NBKBE Hubei Production Base Project", "Ninghai Automotive Cable Expansion Project" and "Automotive Cable Insulation Material Renovation and Expansion Project". The products involved in the investment project include ordinary cables, data cables, new energy vehicle special cables and insulation materials. Through this convertible bond financing, the company's production capacity will be rapidly improved.