Zhejiang Feida Environmental Science & Technology Co., Ltd. announced a private placement of not more than 30% of total share capital priced at not less than 80% of the average price in the 20 trading days before the pricing reference date on July 26, 2021. The shares cannot be transferred within 6 months from the issuance closing date. The transaction is approved in the 45th meeting of the 7th directorate and the 33rd meeting of the 7th supervisory board. The transaction is subject to approval of company's shareholders, company's directorate and China Securities Regulatory Commission.