Snowsky Salt Industry Group Co., Ltd. announced a private placement to issue not more than 180,000,000 A shares to raise not more than CNY 1,142,837,500 on June 24, 2022. The shares will be priced at not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction has been approved by board of directors of the company at 14th Meeting of the 4th Directorate.