Chongqing Xiangyu Salt Chemical Co., Ltd. announced a placement of common shares for gross proceeds of CNY 873,141,300 on November 21, 2023. The transaction will include participation from returning investor, Snowsky Salt Industry Group Co., Ltd. The transaction has been approved at the 33rd meeting of the 4th board of directors and the 28th meeting of the 4th board of supervisors of Snowsky Salt Industry Group Co., Ltd. The company's registered capital will increase from CNY 1,069,480,800 to CNY 1,942, 622,100 post-completion of the transaction.