Qinghai Jintai Potash Fertilizer Co., Ltd. announced that it has entered into a capital increase agreement in an equity round of funding on September 16, 2021. The transaction will include participation from new investors Beijing Water Business Doctor Co., Ltd. for CNY 500,000,000 for 10.98% stake , Sunresin New Materials Co.,Ltd for CNY 200,000,000 for a 4.3908% stake, Shanghai Shunho New Materials Technology Co.,Ltd. for CNY 150,000,000 for 3.29% stake, Zhengping Road & Bridge Construction Co., Ltd. for 2.19% stake, Qinghai Liangcheng Mining Industry Co., Ltd. for CNY 704,965,119 for 15.48% stake, and Ningbo Meishan Bonded Port Area Junhe Changrong Investment Partnership Enterprise (Limited Partnersh for 4.39% stake. The round will be raised at a pre-money valuation of CNY 2,700,000,000.

The transaction has been approved in the 5th meeting of the 4th directorate of Sunresin New Materials Co., Ltd. and is subject to its shareholders' approval, and the 4th session of the 5th directorate of Shanghai Shunho New Materials Technology Co., Ltd.