On the evening of March 17, 2016, the MESNAC shares issued a notice that the company plans to issue more than 127 million shares of non-public offering, the total amount of funds to be raised not more than 12,684,437 yuan. It is understood that, after deducting the issue costs, the MESNAC program will be 512,689,400 yuan for tire manufacturing intelligent manufacturing base construction. In addition, 37,002,64,000 yuan for industrial and service robots, intelligent logistics system industrial base construction; 24306.09 million for tire wisdom factory research and development center, 143167000 yuan for intelligent tire application technology center.