Shanghai Eliansy Industry Group Corporation Limited announced that it has entered into an agreement with returning investor, Hangzhou Zhefa Yilian Business Management Partnership Enterprise (Limited Partnership) for private placement of 100,000,00 A shares at a price of CNY 5.11 per A share for gross proceeds of not more than CNY 511,000,000 on September 8, 2021.The issue price shall not be lower than the average price of the company’s stock trading on the 20 trading days before the pricing base date. The transaction has been approved at the third interim meeting of the company's tenth session of the board of directors and is subject to approval from its shareholders and China Securities Regulatory Commission. The validity period of this issuance resolution is within 12 months from the date when the company’s general meeting of shareholders considers and approves the relevant proposals for this non-public issuance of shares.