Guizhou Chanhen Chemical Corporation announced that it has received CNY 660.1 million in funding from China Asset Management Co. Ltd., Nuode Asset Management Co., Ltd., CITIC Securities Company Limited, Shanghai Zige Investment Management Co., Ltd., Shandong Guohui Fund Management Co., Ltd.

On December 28, 2023, Guizhou Chanhen Chemical Corporation closed the transaction. The company issued 40,250,000 shares at an issue price of CNY 16.40 per share for gross proceeds of CNY 660,100,000. The transaction will include participation from returning investor CITIC Securities Company Limited for 6,050,000 shares, Caitong Fund Management Co., Ltd for 7,550,000 shares and new investors Tibet Sinowise Investment Co.,Ltd ?

Zhongrui Heyin Wenjian No. 16 Private Securities Investment Fund for 7,150,000 shares, Yantai Pengyun No. 1 Investment Center (Limited Partnership) for 3,850,000 shares, Nuode Asset Management Co., Ltd. for 3,150,000 shares, Jinan Shenhong Gangtong New Kinetic Energy Industry Investment Fund Partnership Enterprise (L.P.) for 2,950,000 shares, Guangdong Dehui Investment Management Co., Ltd. ?

Dehui Zunxiang Private Securities Investment Fund for 2,750,000 shares, Shenzhen Youmeili Investment Management Co., Ltd. ? Youmeli Jinan No. 99 Private Securities Investment Fund for 2,350,000 shares, China Asset Management Co., Ltd. for 1,450,000 shares and Zige Tongshuang No.

2 Private Securities Investment Fund for 50,000 shares.