Ningbo Keno Aluminium Co.,Ltd announced a private placement of common shares for gross proceeds of CNY 119,740,000 from existing investor, Jiangyin Haida Rubber And Plastic Co., Ltd. on November 8, 2021. The transaction has been approved by the 8th session of the company?s 5th directorate. As a part of the transaction, company?s registered capital will increase from CNY 30,260,000 to CNY 150,000,000. Post-closing the transaction, the investor will retain 100% stake in the company.