Heilongjiang Xinhua Printing Group Co., Ltd. announced that it will issue common shares for gross proceeds of CNY CNY 47,777,463.15 on May 22, 2023. The transaction will include participation from returning investor, Heilongjiang Publishing & Media Co., Ltd. The transaction has been approved at the 17th meeting of the company's 3rd directorate and the 11th meeting of the 3rd supervisory board.