ZYF Lopsking Aluminum Co., Ltd. announced a private placement for not more than 22,321,429 common shares at a price of CNY 4.48 per share for gross proceeds of not more than CNY 100,000,002 on April 26, 2022. The transaction will include participation from returning investor, Zhongyifeng Holding Group Co., Ltd., and Mr. Gong Changyi. All securities issued in the transaction subject to hold period of 36 months from the date of issuance except for Zhongyifeng Holding Group Co., Ltd. for 18 months.

The transaction has been approved by the 29th meeting of the fifth session of the board of directors of the company.