Sichuan Anning Iron and Titanium Co.,Ltd. announced a private placement of not more than 120,300,000 common shares for a gross proceeds of not more than CNY 5,000,000,000 on September 28, 2022. The pricing base date of this non-public offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The involves participation from not more than 35 investors.

The lock-up period is 6 months. The transaction has been approved by the board of directors at the 23rd meeting of the 5th board of directors of the company and are still subject to the approval of shareholders and the approval of the China Securities Regulatory Commission.