Shandong Hongchuang Aluminum Industry Holding Company Limited announced a private placement of not more than 277,920,000 A shares for total gross proceeds of not more than CNY 800,000,000 on July 8, 2022. The transaction will include participation from not more than 35 designated investors. The pricing base date will be the first day of issuance.

Issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 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 after issuance completion date. The transaction has been deliberated and approved at the third extraordinary meeting of the fifth board of directors of the company and are subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission.