Xi'an Global Printing Co., Ltd. announced a private placement of not more than 68,040,000 A shares for gross proceeds of CNY 900,000,000 on June 8, 2021. The transaction will involve participation from not more than 35 special investors. The shares to be issued have a par value of CNY 1 per share. The shares to be issued will have an issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The transaction has been approved at the 8th meeting of the 5th directorate of the company, and are subject to the approval of the company's shareholders meeting, powerful state-owned assets supervision and management agency and the China Securities Regulatory Commission. The shares to be issued will have a hold period of six months, post the closing. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting.