Eurocharm (Changzhou) Engineering Machinery Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 100,000,000 on November 15, 2021. The transaction will involve participation from returning investor Eurocharm Holdings Co., Ltd. The transaction has been approved by the board of directors of the investor in its 4th meeting of the company's 4th directorate and does not need the shareholders' approval. Post the closing, the registered capital of the company will increase from CNY 120,000,000 to CNY 220,000,000.