Shanghai Langmai Clean Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 30 million on October 28, 2020. The transaction will include participation from returning investor Jiangsu Alcha Aluminium Group Co., Ltd. (SZSE:002160). Upon completion, the investor will continue to hold 100% stake in the company and the company's registered capital will increase from CNY 319.338076 million to CNY 349.338076 million. The transaction has been approved at the 10th meeting of the 6th directorate of the investor.