CGN Mining Company Limited entered into agreement with 11 investors for issuing 1,000,000,000 shares at an issue price of HKD 0.80 for gross proceeds of HKD 8,00 million on November 26, 2021. The transaction include participation from new investors China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd., a funding managed by Chengtong Fund Management Co., Ltd for 759,300,000 shares for 9.99% stake, Subscriber B1 for 186,630,000 for 2.46% stake, Subscriber B2 for 7,670,000 shares for 0.10% stake, Subscriber C for 14,587,500 shares for 0.19% stake, Subscriber D for 10,000,000 for 0.13%, Subscriber E for 7,000,000 shares for 0.09% stake, Subscriber F for 7,000,000 shares for 0.09% stake, Subscriber G for 4,812,500 shares for 0.06% stake, Subscriber H for 1,000,000 shares for 0.01% stake, Subscriber I 1,000,000 shares for 0.01% stake, Subscriber J 1,000,000 shares for 0.01% stake. The securities issued to China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd are subjected to six months hold period.

The company will pay issue expenses of approximately HDK 24 million in the transaction. Except Subscriber G and Subscriber J, the remaining Other Subscribers are investment funds that invest in different equity securities and other investments, among which, Subscriber B1 and Subscriber B2 are managed by the same fund manager, Subscriber G and Subscriber J are individual professional investors. The transaction was approved by the board of directors of the company.

The company shares will increases from 6,600,682,645 shares to 7,600,682,645 share post transaction.