Jiangsu LiXing General Steel Ball Co., Ltd. announced a private placement of not more than 74,290,621 A shares for the gross proceeds of not more than CNY 350,000,000 on August 20, 2021. The issue price will be not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 15th meeting of the company’s 4th directorate and the 13th meeting of the 4th supervisory board, and is subject to the approvals of the company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. On October 14, 2021, the company announced that the transaction has been accepted under ([2021] No. 458) issued by the Shenzhen Stock Exchange.