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On July 18, 2024, Shanghai Putailai New Energy Technology Co., Ltd. (PTL) signed a strategic cooperation agreement with Liyang CASOL New Energy Technology Co., Ltd. (CASOL) in Liyang, Jiangsu. PTL's Managing Director,
Approved by the China Securities Regulatory Commission, Shanghai PTL New Energy Technology Co., Ltd.'s 2017 innovative and entrepreneurial corporate bonds (first phase) were publicly issued on May 18.