Anhui Xinbo Aluminum Co., Ltd. announced that it will issue not more than 20,000,000.00 shares of class A at a price of CNY 39 per share for gross proceeds of CNY 780,000,000 on December 1, 2021. The transaction price will not be less than 80% of the average stock price of the company's shares on the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 specific investors including individual investor Tang Kaijian for not less than CNY 50,000,000 and not more than CNY 150,000,000. The transaction has been approved at the 13th meeting of the second board of directors of the company and is subject to approval from China Securities Regulatory Commission and shareholders of the company. The securities issued and subscribed by Tang Kaijian will not be transferred within 18 months from the closing date, and the shares subscribed by other issuers shall not be transferred within 6 months from the end of the issuance.

On January 13, 2022, the company received China Securities Regulatory Commission Administrative License Application Acceptance Form issued by China Securities Regulatory Commission via acceptance number: 220060 for acceptance of the application for administrative license.