Sichuan Road & Bridge Co., Ltd announced a private placement of up to 363,901,017 A shares at a price of CNY 6.87 per share for a total gross proceeds of CNY 2,499,999,986.79 on November 22, 2021. The transaction will include participation from Shudao Capital Holding Group Co., Ltd for 262,008,733 shares, Sichuan Energy Industry Investment Group Co., Ltd for 72,780,203 shares, and BYD Company Limited for 29,112,081 shares. The shares shall not be transferred within 18 months from the date of listing.

The transaction has been approved at the forty-first meeting of the seventh board of directors. The transaction is subject to approval from board of directors, shareholders' meeting and China Securities Regulatory Commission.