Chengtun Mining Group Co., Ltd. (SHSE:600711) announced a private placement of not more than 362,318,838 A shares for gross proceeds of not more than CNY 2,500,000,000 on January 9, 2017. The transaction will include participation from not more than ten investors including Xiamen C&D Inc. (SHSE:600153) for 28,985,507 shares for CNY 200,000,000, International Trade Assets Management Directional Issuance No. 1 Asset Management Plan for 37,681,159 shares for CNY 2,600,000,000, Beijing Taisheng Hongming Investment Center (Limited Partnership) for 28,985,507 shares for CNY 200,000,000, Hangzhou Yuyi Investment Management Partnership Enterprise (Limited Partnership) for 72,463,768 shares for CNY 500,000,000, Hangzhou Yuyang Investment Management Partnership Enterprise (Limited Partnership) for 86,956,521 shares for CNY 600,000,000, Zhuhai Lanqiao Fund Management Co., Ltd. for 56,521,739 shares for CNY 390,000,000, Ningbo Meishan Bonded Port Area Hongmao Internet Partnership Enterprise (Limited Partnership) for 28,985,507 shares for CNY 200,000,000 and Yang Xueping for 21,739,130 shares for CNY 150,000,000.

The investors have signed the subscription agreement with the investors. The issue price is not lower than 90% of the average price of the company's shares 20 trading days prior to the pricing base date, i.e. CNY 6.9 per share. The shares may not be transferred within 36 months from the issuance closing date.

The transaction has been approved at the 48th session and 50th meetings of the 8th directorate meeting of the company and is approved at the 1st extraordinary general meeting of 2017. The transaction is still subject to approval from its shareholder's and China Securities Regulatory Commission.