China Nuclear Engineering Corporation Limited announced private placement of not more than 794,885,886 A shares for gross proceeds of not more than CNY 3,000,000,000 on May 11, 2021. The transaction will include participation from not more than 35 specific investors. The company has signed conditional effective share subscription agreement with existing investor China National Nuclear Corporation to subscribe for CNY 600,000,000.

The subscription price is 80% of the average stock price on the 20 trading days before the pricing base date. The shares will be issued at premium to par value of CNY 1 per share. The shares are subject to lock-up period of 18 months.

The transaction is approved by the 27th meeting of the 3rd board of directors and 24th meeting of the 3rd board of supervisors of the company. The transaction is subject to approval of shareholders of the company, state-owned asset management department, and China Securities Regulatory Commission. The shareholder's approval will be valid for 12 months from approval.