Anhui Zhongyuan New Materials Co., Ltd. announced a private placement of no more than 73,147,200 A shares at a price of CNY 10.253297 per unit for a gross proceeds not exceeding CNY 750,000,000 on March 4, 2022. The transaction includes participation from no more than 35 investors. The pricing base date of this issuance is the first day of the issuance period.

The price of this non-public offering of shares shall not be lower than 80% of the average trading price of the company's shares in the 20 trading days prior to the pricing benchmark date. The total amount raised shall not exceed 30% of the company's total share capital before this non-public offering. The securities are restricted to transfer for 6 months from the date of the end of the offering.

The transaction has been approved by the eleventh meeting of the fourth board of directors and the eighth meeting of the fourth board of supervisors, and still need to be submitted to the company's general meeting of shareholders for consideration and approval , and can only be implemented after the approval of the China Securities Regulatory Commission.