Guanghui Logistics Co.Ltd announced a private placement for up to CNY 1,800 million on July 7, 2023. The company will issue ordinary A shares as part of the transaction. The transaction will include participation from not more than 35, including returning investor Xinjiang Guanghui Industry Investment (Group) Corporation Limited.

The number of shares that Xinjiang Guanghui Industry Investment (Group) Corporation Limited will subscribe to shall not exceed 20.00% of the number of shares issued this time, and its subscription amount shall not exceed CNY 360 million. The number of shares issued to specific investors this time shall not exceed 369,165,045 shares. The number of shares issued shall be subject to the approval registration document of the China Securities Regulatory Commission for this issuance.

The plan for issuing stocks has been reviewed and approved by the 7th meeting of the company's tenth board of directors in 2023 held on July 7, 2023. It still needs to be reviewed and approved by the company's general meeting of shareholders, reviewed and approved by the Shanghai Stock Exchange, and a registration decision by the China Securities Regulatory Commission. The shares subscribed by Guanghui Group shall not be transferred within 36 months from the date of completion of the issuance, and the stocks subscribed by other investors shall not be transferred within 6 months from the date of completion of the issuance.