Weng'an Tianyi Mining Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 594.219 million on August 27, 2021. The transaction will include participation from returning investors Guizhou Chanhen Chemical Corporation for CNY 291.1673 million to retain 51% stake, and Sichuan Shuyu Mining Investment Co., Ltd. for CNY 303.0517 million to retain 49% stake in the company. As a result, company's registered capital will increase from CNY 574.5810 million to CNY 1,168.80 million. The transaction was reviewed and approved at the fourth meeting of the third board of directors of Guizhou Chanhen Chemical Corporation and still needs to be submitted to the general meeting of shareholders for deliberation.