Zhuzhou Smelter Group Co.,Ltd. announced a private placement of 158,237,374 shares for gross proceeds of not more than CNY 1,337,454,600 on September 14, 2022. The transaction will include participation from not more than 35 investors. The shares will be priced at not less than 80% of the average price in the 20 trading days before the pricing reference date.

The securities to be issued in the transaction will have a lock-up period of six months from the issuance closing date. The transaction has been approved at the 14th and 19th meetings of the company's 7th directorate and in principle agreement with National Defense Science and Industry Bureau. The transaction is subject to approval from company's shareholders, China Securities Regulatory Commission and other necessary approvals.