Kumul Tianshan Cement Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 11,000,000 on March 31, 2021. The transaction will involve participation from existing investor, Xinjiang Tianshan Cement Co., Ltd. Post-closing of the transaction, the investor will retain its 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from CNY 472,343,700 to CNY 483,343,700. The transaction has been approved by the board of directors of the investor at the 35th meeting of its 7th directorate, and does not need its shareholders’ approval.