Yibin Tianyuan Group Co., Ltd. announced a private placement of not more than 234,257,105 A shares for gross proceeds of not more than CNY 2,000,000,000 on June 21, 2022. The issue price will be not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors including Yibin Emerging Industry Investment Group Co.,Ltd, Yibin Development Venture Capital Co., Ltd., Sichuan Yuanling Industrial Investment Group Co., Ltd., returning investor Yibin Development Holding Group Co.,Ltd. The transaction is approved at the 23rd meeting of the 8th directorate and the 12th meeting of the 8th supervisory board, and is subject to the approvals of the Company's Shareholders, the State-owned Assets Supervision and Administration Commission of Yibin Municipal Government, and the China Securities Regulatory Commission.

The company signed a share subscription agreement with the investors. The shares subscribed by Yibin Development Holding Group Co.,Ltd., Yibin Emerging Industry Investment Group Co.,Ltd, Yibin Development Venture Capital Co., Ltd., Sichuan Yuanling Industrial Investment Group Co., Ltd. cannot be transferred within 18 months from the issuance closing date. The shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date.