CNNC Hua Yuan Titanium Dioxide Co., Ltd announced a private placement of not more than 616,000,000 A shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for total proceeds of not more than CNY 7,091,000,000 on May 24, 2021. The transaction will include participation from not more than 35. The transaction has been approved in the 37th (Extraordinary) Meeting of the company's 6th Directorate, and is subject to the approvals of the shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

The shares being issued will be subject to a lock-up of 6 months from the issuance closing date.