Guangxi Bossco Environmental Protection Technology Co.,Ltd. announced that it has signed a conditional effective share subscription agreement to issue not exceeding 121,713,938 shares at issue price of CNY 7.68 per share for gross proceeds of not more than CNY 934,763,043.84 on March 22, 2021. The transaction included participation from Guangzhou Environmental Protection Investment Group Co.,Ltd. The shares to be issued shall have a hold period of 36 months from the closing of the transaction. The transaction has been approved by the board of directors of the company at the second meeting of the fifth board of directors and still needs to be reviewed by the company's general meeting of shareholders, Shenzhen Stock Exchange, and China Securities Regulatory Commission.