Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) announced a private placement of not more than 1,229,778,915 A shares for gross proceeds of CNY 6,600,000,000 on April 17, 2020. The transaction will include participation from not more than 35 specific investors. All securities issued will be subject to a hold period of 6 months from issuance. The transaction has been approved by the board of directors at the company at the 42nd meeting of its 8th directorate and is subject to its shareholders' approval and the approval of China Securities Regulatory Authority. The plan is valid for 12 months from the approval of the shareholders.