Beijing Shougang Co., Ltd. announced that it will receive a round of funding on September 12, 2021. As part of transaction the company will issue A shares with a par value of CNY 1 per share. The transaction will include participation from no more than 35 qualified specific investor.

The shares shall not be transferred within 6 months from the date of completion of the issuance. The resolutions related to the raised matching funds shall be effective within 12 months from the date of approval by the shareholders meeting. The transaction has been approved by the board of directors in its fourth meeting of the board of directors, pre-audit of the Beijing State-owned Assets Supervision and Administration Commission, reviewed and approved at the tenth meeting of the seventh board of directors, approved at the tenth meeting of the seventh board of supervisor.

The total amount of matching funds raised shall not exceed 100% of the transaction price of the purchase of assets by issuing shares in this transaction.