Fujian Furongyuan Renewable Resources Development Co., Ltd. announces a private placement of gross proceeds for CNY 191,625,500 on July 27, 2023. The transaction included the participation from new investor Sichuan Furong Technology Co. Ltd. The registered capital is before CNY 120,000,000 and after CNY 310,000,000.

The company held the 6th Meeting of the 3rd Board of Directors and the 6th Meeting of the 3rd Board of Supervisors of the Company and there is no need to submit to the general meeting of shareholders for consideration.