Baotou Steel Group Energy Conservation and Environmental Protection Technology Industry Co., Ltd. announced a private placement of not less than CNY 68,800,000 and not more than CNY 103,200,000 on July 31, 2021. The transaction will include participation from returning investor, China Northern Rare Earth (Group) High-Tech Co.,Ltd. The company will issue common shares in the transaction. Post the closing, the registered capital will increase from CNY 500,000 to CNY 60,000,000. The transaction has been approved at the 2nd meeting of the 8th board of supervisors of China Northern Rare Earth (Group) High-Tech Co.,Ltd.