Haohua Chemical Science & Technology Corp., Ltd. announced a private placement of A Shares on February 14, 2023. The transaction will include participation from no more than 35 specific investors including China Foreign Economy and Trade Trust Co., Ltd. for not more than CNY 400,000,000, Sinochem Capital Innovation Investment Co., Ltd. for not more than CNY 100,000,000. The pricing base date is the first day of the issuance period.

The issue volume for this raising of supporting funds will not exceed 30% of the company?s total capital prior to the transaction. The issue price will not be less than 80% of the average trading price during the 20 trading days prior to the pricing base date. The transaction has been reviewed and approved at the second meeting of the eighth board of directors of the company, reviewed and approved by the board of directors of China Haohua Chemical Group Co., Ltd., and still needs to be approved by the competent state-owned assets supervision and management institution, board of directors and general meeting of shareholders, China Securities Regulatory Commission, other approvals that may be involved.

The shares subscribed by China Foreign Economy and Trade Trust Co., Ltd. and Sinochem Capital Innovation Investment Co., Ltd. will not be transferred within 36 months after issuance and shares subscribed by the other investors will not be transferred within 6 months after the issuance.