Jiangxi Black Cat Singapore Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 55,000,000 on June 2, 2022. The transaction will include participation from returning investor Jiangxi Black Cat Carbon Black Inc.,Ltd to retain its 100% stake in the company. Post closing, the registered capital of the company will increase from CNY 6,169,500 to CNY 61,169,500.

The transaction has been approved at the 7th meeting of the 7th board of directors of Jiangxi Black Cat Carbon Black Inc.,Ltd.