Yingcheng Xindu Chemical Co., Ltd. announced a placement of common shares for gross proceeds of CNY 2,100,000,000 on April 6, 2023. The transaction will include participation from returning investor, Chengdu Wintrue Holding Co., Ltd. The transaction has been approved at the 10th meeting of the sixth session of the board of directors of Chengdu Wintrue Holding Co., Ltd. After the transaction, the company's registered capital will increase from CNY 578,400,000 to CNY 2,678,400,000. The company will complete the capital increase at one time or in installments according to the actual capital demand.