Jinguotou (Jinzhou) Petrochemical Co., Ltd. announced a private placement of 1,200,000,000 common shares at CNY 1 per share for gross proceeds of CNY 1,200,000,000 on April 27, 2021. The transaction will include participation from new investors, Jinzhou Port Co., Ltd. for CNY 500,000,000 and stake of 25%, new investors, Jinzhou Huaxin Assets Management (Group) Co., Ltd. for CNY 200,000,000 and stake of 10% and China Tianchen Engineering Corporation for CNY 500,000,000 and stake of 25% stake. The registered capital will increase from CNY 990,000,000 to CNY 2,000,000,000.

The capital will increase at CNY 1 per CNY 1 registered capital. The transaction was approved in the 8th session of its 10th directorate, in the 6th session of its 10th supervisory board.