Shaowu Yonghe Jintang New Material Co., Ltd. announced a placement of common shares for gross proceeds of CNY 600,000,000 on October 27, 2022. The transaction will include participation from returning investor, Zhejiang Yonghe Refrigerant Co., Ltd. The transaction has been approved at the 26th meeting of the 3rd directorate and the 18th meeting of the 3rd supervisory board of Zhejiang Yonghe Refrigerant Co., Ltd.