Xinjiang Central Hoshine Silicon Industry Co., Ltd. announced a placement of common shares for gross proceeds of CNY 5,500,000,000 on April 21, 2023. The transaction will include participation from returning investor, Hoshine Silicon Industry Co., Ltd. The transaction has been approved at the 19th meeting of Hoshine Silicon Industry Co., Ltd.'s third directorate. Through the transaction, the company's registered capital will increase from CNY 2,000,000,000 to CNY 7,500,000,000.