Shenyang Jinshan Energy Co., Ltd. (SHSE:600396) announced a private placement of A shares on March 28, 2011. The company will issue up to 150,000,000 shares to not more than 10 investors including existing investor, Dandong Dongfang New Energy Co. Ltd. The issue price of the shares will not be less than CNY 8.20 per share. Dandong Dongfang New Energy Co. Ltd will invest for 29.80% of the transaction amount. The transaction was approved at the company's 19th session of the 4th board of directors meeting.

On August 1, 2011, the company announced that the transaction was approved at its 25th session of the 4th board of directors meeting.

On August 16, 2011, the company announced that its shareholders approved the relevant issues of the transaction at the 2nd extraordinary general shareholders' meeting.

On February 27, 2012, the company amended the terms of the transaction. The company announced that it will now issue up to 15,000,000 shares at not less than CNY 6.10 per share. The company will raise gross proceeds of up to CNY 1,200,000,000. The shares issued will be subject to a lock-in period of 12 months for the remaining investors while the shares issued to Dandong Dongfang New Energy Co., Ltd. will be subject to a lock-in period of 36 months.

On March 16, 2012, the shareholder's approved the private placement transaction.

On April 10, 2012, the transaction was approved at the company's 32nd session of the 4th directorate meeting.

On April 26, 2012, the company approved the issues relating to the transaction in its 2nd special shareholders' meeting and extraordinary general shareholders' meeting of 2012.

On August 6, 2012, the company announced that it has amended the issue price per share. The issue price was adjusted to not lower than CNY 6.36 per share.

On May 20, 2013, the company announced that the shareholders of the company approved the extending of the validity period of the transaction at the 2nd special shareholders meeting of 2013.

On June 7, 2013, the company announced that the transaction has been approved at its 6th session of 5th directorate meeting.

On July 10, 2013, the company announced that it has received conditional approval from China Securities Regulatory Commission Issuance Examination Committee for the transaction.

On July 18, 2013, the company announced that it has amended the issue price per share. The issue price was adjusted to not less than CNY 6.26 per share.

On August 30, 2013, the company announced that it has received written approval from China Securities Regulatory Commission for the transaction.

On January 12, 2014, Shenyang Jinshan Energy Co., Ltd. closed the transaction. The company issued 93,732,193 A shares at CNY 6.26 per share for gross proceeds of CNY 586,763,528.18. The company received net proceeds of CNY 574,299,184.18; of which CNY 93,732,193 will be put in registered capital and CNY 480,566,991.18 will be placed in capital reserve. The transaction included participation from Dandong Dongfang New Energy Co. Ltd. for 27,932,193 shares for gross proceeds of CNY 174,855,528.18, Chang Xin Asset Management Corporation Ltd. for 15,700,000 shares for gross proceeds of CNY 98,282,000, ICBC Credit Suisse Asset Management Co., Ltd. for 26,300,000 shares for gross proceeds of CNY 164,638,000, and Huatai Asset Management Co., Ltd. for 23,800,000 shares for gross proceeds of CNY 148,988,000. The company incurred CNY 10,914,344 on underwriting and sponsorship fees and CNY 1,550,000 on intermediary fees and other fees. Shenyin & Wanguo Securities Co., Ltd. acted as a lead underwriter, Jincheng Tongda & Neal Law Firm acted as a legal advisor, and Ruihua Certified Public Accountants acted as an audit institution & capital verification institution for the company.