Rising Nonferrous Metals Share Co.,Ltd. announced a private placement of not more than 90,540,687 A shares at a price not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period for gross proceeds of not more than CNY 1,648,000,000 on April 29, 2021. The transaction will include participation from not more than 35 special investors including returning investor Guangdong Rising Assets Management Co., Ltd. for not less than 20% of the total issuance for not less than CNY 329,600,000. The transaction has been approved in the 4th meeting of the 8th directorate of the company and is subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission. The lock-up period for the shares issued to Guangdong Rising Assets Management Co., Ltd. is 18 months and for the other investors is 6 months. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting.