Jiangxi Jiuer Salt Industry Co., Ltd. announced that it will raise CNY 149.8671 million in an equity funding on November 21, 2023. The transaction will include participation from returning investors, Snowsky Salt Industry Group Co., Ltd. for CNY 104.907 million and Guangzhou Xiaoshan Investment Co., Ltd for CNY 44.9601 million. Post completion of capital increase, CNY 60 million will be included in the registered capital and CNY 89.8671 million will be included in the capital reserve.

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. Post completion of capital increase. the stake of the investors remained unchanged.