Hunan Boyun Dongfang Powder Metallurgy Co., Ltd announced that it has signed an agreement to issue shares for an aggregate amount of CNY 561,096,600 on February 9, 2021. The transaction includes participation from returning investor, Hunan Boyun New Materials Co.,Ltd. The stake of the investor will increase from 85% to 97.0713% post closing of the transaction. The transaction has been approved at the fourteenth meeting of the sixth board of directors of the investor.