Ouyeel Industrial Products Co., Ltd. announced that it will issue common shares for the gross proceeds of CNY 200,000,000 on June 6, 2023. The transaction will include participation from returning investor Xinyu Iron & Steel Co., Ltd. The transaction has been approved by the 12th session of the company?s 9th directorate and the 12th session of the company?s 9th supervisory board. The registered capital of the company is CNY 4,000,000,000.