Shanxi Antai Group Co.,Ltd announced a private placement of 302,040,000 A shares for the gross proceeds of CNY 673,560,000 on March 16, 2023. The transaction will include participation from not more than 35 special investors. The transaction are subject to the approval of the company's shareholders meeting, Shanghai Stock Exchange and the China Securities Regulatory Commission.

The transaction has been approved 1st and 2nd Meetings of 2023 of the Company?s of the 11th directorate of the company. The lock-up period is 6 months.