Jinzhou Port Co., Ltd. (SHSE:600190) announced a private placement of not more than 500,000,000 A shares for gross proceeds of not more than CNY 1,620,000,000 on April 27, 2021. The transaction will include participation from not more than 35 specific investors. The issue price is not less than 80% of the average price during the 20 trading days prior to the pricing base date and not less than the most recent period audited net asset per share attributable to parent company’s shareholder. The shares issued will not be transferred within 6 months after issuance. The transaction has been approved by the 8th session of the company’s 10th directorate and is subject to the approval of the shareholders and the China Securities Regulatory Commission.