ZheJiang Haers Vacuum Containers Co.,Ltd. announced a private placement to issue 139,942,899 A shares at a price CNY 5.716617318324955 for a gross proceeds CNY 800,000,000 on December 29, 2023. The transaction included participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date.

The transaction been approved in the 5th Meeting of the Company?s 6th Directorate, and is subject to the approvals of the it?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.