CNBM (Hefei) New Energy Company Limited announced a private placement of common shares for gross proceeds of CNY 600 million on September 15, 2021. The transaction will include participation from returning investor Luoyang Glass Company Limited. As a result, company's registered capital will increase from CNY 268 million to CNY 868 million. The transaction has been approved at the 39th meeting of the ninth board of directors and the sixth meeting of the board of supervisors of the investor in 2021. The transaction still need to be submitted to the investor's shareholders meeting for review and approval.