CNSIG Inner Mongolia Chemical Industry Co., Ltd. announced a private placement of not more than 287,299,377 A shares for gross proceeds of no more than CNY 2,800,000,000 on July 28, 2021. The company will issue shares at a price of not lower than 80% of the median market price of the company’s shares as of 20 previous days to issuance date. The transaction will include participation from no more than 35 specific investors. The transaction has been approved by the 29th meeting of the company’s seventh board of directors and the 20th Meeting of the Seventh Board of Supervisors. The transaction is subject to approval from the state-owned assets supervision and administration department or its authorized agency, China Securities Regulatory Commission, the company’s shareholders, and the State Administration for Market Regulation’s anti-monopoly. The shares issued this time to specific targets shall not be transferred within six months from the date of the end of this transaction.