Yonker Environmental Protection Co.,Ltd. announced a private placement of not more than 193,350,049 A shares of gross proceeds of not more than CNY 554,838,900 on January 22, 2021. The transaction included participation from not exceeding 35 specific investors. The issuance price shall not be less than 80% of the average trading price of the company’s stocks on the 20 trading days before the pricing base date. The shares issued should not be more than 30% of total share capital of the company. The securities are subjected to 6 months hold period. The transaction was approved in sixth meeting of fifth board of directors. The transaction is subjected to approval of shareholders meeting, Shenzhen Stock Exchange, and China Securities Regulatory Commission.