Chahua Modern Housewares Co., Ltd. announced that it will issue 72,942,000 shares of class A for gross proceeds CNY 400,000,000 on December 14, 2021. The transaction will include participation from no more than 35 specific investors who meet the requirements of the China Securities Regulatory Commission. The transaction was approved at the 23rd meeting of the third board of directors of the company and is subject to approval from shareholders and China Securities Regulatory Commission.