Shandong Bohui Paper Industry Co., Ltd. (SHSE:600966) announced that it will issue not more than 267,368,857 A shares in funding for gross proceeds of not more than CNY 1,985,290,000 on December 11, 2017. The transaction will involve participation from existing investor, Shandong Bohui Group Corporation and not more than 10 investors. New shares subscribed by Shandong Bohui Group Corporation will not be transferrable within 36 months from the closing date of this issuance. New shares subscribed by other investors will not be transferrable within 12 months from the closing date of this issuance. Shandong Bohui Group Corporation will subscribe for not less than 30% of total shares of issuance. The transaction has been approved at 17th session of the 8th directorate meeting. This transaction needs approvals from the shareholders’ of the Company and the China Securities Regulatory Commission.