New Hope Liuhe Co.,Ltd. announced that it will receive CNY 7.35 billion in funding on November 30, 2023. The company will issue 1,363,732,329 A shares in the transaction. The transaction has been approved by the shareholder of the company in the 22nd Meeting of the Company?s 9th Directorate, and is subject to the approvals of the Company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

The shares cannot be transferred within 6 months from the issuance closing date. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.