Suzhou Sunhui Nonferrous Metal Products Co., Ltd. announced a private placement of common shares for gross proceeds of CNY ?101,250,000? on December 12, 2021. The company has signed capital increase agreement with the investor.

The transaction will involve participation from new investor, Xiamen Zhongchuang Environmental Technology Co., Ltd. Post-closing of the transaction, the investor will retain hold 36% stake in the company. The transaction has been approved by the 6th session of the investor's 5th directorate and the 5th session of the investor's 5th supervisory board.?