Guangdong Hoshion Aluminium Co., Ltd. announced a private placement of not more than 14,682,962 A shares at an issue price of CNY 20.24 per share for gross proceeds of not more than CNY 297,182,151 on May 21, 2021. The transaction will include participation from returning investor Li Jianxiang, Chairman of the Board of the company. The transaction has been approved by the second meeting of the fourth board of directors of the company.

The transaction is still subject to approval from the company's shareholders meeting and by the China Securities Regulatory Commission. The shares will not be transferred within 36 months from the issuance date. After the completion of the transaction, the investor's stake will increase from 29.41% to 34.64%