Hubei Huarong Holding Co.,Ltd. announced that it will receive a round of funding on June 16, 2023. The company will issue A shares to not more than 35 specific investors to raise supporting funds. The transaction value not exceed 100% of supporting fund.

The pricing base date is the first day of the issuance period. The issue price for this raising of supporting funds will not be less than 80% of the average trading price during the 20 trading days prior to the pricing base date. Securities issued in transaction is subject to 6 month hold period.

The transaction has been approved by the 11th session of the company?s 8th directorate, 8th session of the company?s 8th supervisory board. The transaction still need approval from shareholders, stock exchange and CSRC.