Guanghui Energy Integrated Logistics Development Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 202,020,000 on January 19, 2021. The transaction will include participation from existing investors Guanghui Energy Co., Ltd. (SHSE:600256) for CNY 200,000,000 to retain its 99% stake in the company and Xinjiang Guanghui Clean Energy Technology Co., Ltd for CNY 2,020,000 to retain its 1% stake in the company. The transaction has been approved in the fourth meeting of the eighth term of the board of directors of Guanghui Energy Co., Ltd. (SHSE:600256) and is subject to approval in the shareholders meeting of Guanghui Energy Co., Ltd. (SHSE:600256).