Mingteng International Corporation Inc. Ordinary Shares

Mingteng International has successfully entered into purchase agreements with three foreign enterprises, marking a milestone in its global expansion. The agreements, secured through its wholly-owned subsidiary Wuxi Mingteng, serve markets in Serbia, Vietnam and Mexico. The company provides die-casting molds for intermediate crossbeams and other items in battery box lower housing assemblies, low-pressure molds for new energy vehicle transmission cases, and casting molds for automotive, construction machinery and hydraulic systems. Chairman and CEO Yingkai Xu stated the company aims to strengthen its global competitiveness in aluminum alloy low-pressure and die-casting molds for a broader range of international clients.

Mingteng International Corporation Inc. has closed a registered direct offering and concurrent private placement, raising approximately $2.96 million in gross proceeds before fees and expenses. The offering consisted of 1.48 million Class A ordinary shares priced at $2.00 per share, along with pre-funded warrants to purchase Class A ordinary shares at a nominal exercise price of $0.00005 per share after most of the exercise price was pre-funded at closing. In the private placement, the company issued unregistered warrants to purchase up to 1.48 million Class A ordinary shares at an exercise price of $2.00 per share, exercisable immediately and expiring 18 months from issuance. The company intends to use the net proceeds for working capital and general corporate purposes. FT Global Capital, Inc. acted as the exclusive placement agent for the offering.