Guizhou Chanhen Chemical Corporation announced a private placement of not more than 100,000,000 A shares for gross proceeds of not more than CNY 3,529,289,400 on April 15, 2022. The transaction will include participation from not more than 35 investors. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date.

The shares cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 15th Meeting of the company's 3rd Directorate of the company and is subject to the approvals of the company's shareholders and the China Securities Regulatory Commission.