Beijing Yanshan Yulong Petrochemical Engineering Co., Ltd. announced that it will issue 1,546,400 shares at an issue price of CNY 2.56 per share for proceeds of CNY 5,505,184 on April 8, 2023. The transaction was approved by the board of directors of the investor at its 13th session of the company’s 4th directorate and the 10th session of the company’s 4th supervisory board.