According to the Zhitong Finance App, Ping An Electric (001359.SZ) announced a plan to issue A shares to specific targets in 2026. The total amount of A-shares to be issued to specific targets will not exceed 1.3 billion yuan (including the number). The net capital raised after deducting related issuance fees will be used for the following projects: Thailand mica insulation material production base construction project, Thailand electronic cloth production base construction project, high-performance electronic cloth production base construction project, and supplementary working capital.

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