Shanghai Diesel Engine Co., Ltd. announced a private placement of A shares on January 4, 2021. The shares have a par value of CNY 1 per share. The number of shares to be issued will not exceed 30% of the total share capital of the company before the transaction.

All shares to be issued in the transaction will be subject to a lock-up period of 6 months. The transaction is subject to approval of board of directors of the company, competent state-owned assets supervision and administration department, shareholders of the company, and China Securities Regulatory Commission.