Sichuan Golden Summit (group) Joint-Stock Co., Ltd. announced a private placement to issue of A shares not more than 104,697,000 shares at an issue price of CNY 4.54 for the gross proceeds of CNY 475,324,380 on December 30, 2022. The transaction will include participation from returning investor, Luoyang Junying Private Equity Investment Fund Partnership (Limited Partnership). The lock-up period is 36 months. As of the issuance date of this plan, the investor has holds 20.50% of the voting rights of the company's total share capital and is the controlling shareholder of the company. The transaction has been approved in the fourteenth meeting of the ninth board of supervisors and the deliberated and approved at the twenty-sixth meeting of the ninth session of the board of directors of the company. The transaction is subject to approval from company's shareholders' meeting, China Securities Regulatory Commission.

On February 3, 2023, the company announced that transaction was not approved by the shareholders at First Extraordinary General Meeting of Shareholders in 2023.