Shandong Anoky Fine Chemical Co., Ltd. announced a private placement to issue common shares for the gross proceeds of CNY 178 million on February 8, 2024. The transaction will include participation from returning investor Shanghai Anoky Group Co., Ltd. The transaction has been approved in the 8th session of the company?s 6th directorate and the 8th session of the company?s 6th supervisory board. After the capital increase, Shandong Anoky?s registered capital will increase from CNY420 million to CNY 598 million.

After the capital increase, Shandong Anoky will still be a wholly-owned subsidiary of the company.