Tibet Changdu Gaozheng Building Materials Co., Ltd. announced that it will receive in its equity round of funding on December 24, 2019. The company will issue shares at a price of CNY 1.56 per share. The transaction will include participation from returning investors Tibet Tianlu Co., Ltd. (SHSE:600326) for CNY 387,570,000, Changdu Investment Co., Ltd., Tibet Hengtong Investment Co., Ltd. and new investor Tibet Gaozheng Building Material Co., Ltd..

for CNY 4,000,000. The transaction has been approved by the board of directors of Tibet Tianlu Co., Ltd. (SHSE:600326) at its 47th meeting of the 5th board of directors and the 24th meeting of the 5th board of Supervisors and does not need to be submitted to the general meeting of shareholders.