Tianneng Power (00819) announced that its subsidiary, Tianneng Battery Group Co., Ltd., successfully issued the first tranche of its 2026 public offering of technology innovation corporate bonds on May 6, 2026. The bonds were distributed through a private placement to professional institutional investors, as defined by relevant bond issuance and trading regulations. The total issuance amounted to RMB1 billion, with a subscription multiple of 3.16 times and a final coupon rate of 1.58%.