Yunnan Copper Co., Ltd. announced a private placement of not more than 509,903,568 A shares with a par value of CNY 1 each for gross proceeds of no more than CNY 2,726,500,000 on November 26, 2021. The company will issue shares at a price of not lower than 80% of the median market price of the company's shares as of 20 previous days to issuance date. The transaction will include participation from no more than 35 specific investors.

The transaction has been approved by the board of directors of the company at its 25th meeting of the 8th directorate. The transaction is subject to approval from company's shareholders and China Securities Regulatory Commission. All shares to be issued in the transaction will be subject to a hold period of 6 months from the date of issuance.

The resolutions for the transaction are valid for a period of 12 months from the date of shareholders' approval.