Fuda Alloy Materials Co., Ltd. (SHSE:603045) announced that it will issue not more than 30,000,000 series A shares for gross proceeds of not more than CNY 245,000,000 on May 28, 2020. The transaction will include participation from 35 specific investors. All shares issued this time are subscribed in cash. The transaction has been reviewed and approved at the 24th meeting of the 6th directorate and in the 14th meeting of the 6th supervisory meeting of the company, and is subject to the approval of company's shareholders and the China Securities Regulatory Commission. The securities are subjected to hold period of six months.