Xi'an Tajin Industrial Electrochemical Technology Co., Ltd. announced a private placement of 40,000,000 common shares at a price of CNY 1.2 per share for gross proceeds of CNY 48,000,000 on March 29, 2021. The transaction will include participation from Northwest Institute for Non-Ferrous Metal Research 8,800,000 shares for CNY 10,560,000, Western Metal Materials Co., Ltd. for 8,000,000 shares for CNY 9,600,000, Feng Qing 6,887,500 shares for CNY 8,265,000, Feng Sheng 4,180,000 shares for CNY 5,016,000, Li Jiangtao for 3,633,000 shares for CNY 4,359,600, Zheng Xiaohong 2,474,500 shares for CNY 2,969,400, Huang Jin 1,975,000 shares for CNY 2,370,000, He Xiuling for 1,350,000 for CNY 1,620,000, Zhang Yuping 1,350,000 shares for CNY 1,620,000 and Jiao Wenqiang for 1,350,000 shares for CNY 1,620,000. Post the transaction the registered capital will increase from CNY 80,000,000 to CNY 120,000,000. The investors will retain the same stake in the company. The transaction has been approved by the board of directors of Western Metal Materials Co., Ltd. (SZSE:002149) in the the 11th session of the 7th directorate.