China National Chemical Engineering Group Corporation-Finance Co.,LTD. announced that it will receive CNY 2,000,000,000 in a round of funding on December 30, 2022. The transaction will include participation from China National Chemical Engineering Group Corporation Ltd., for CNY 200,000,000 and China National Chemical Engineering Co., Ltd for CNY 1,800,000,000. After the completion of the transaction, the registered capital of the company will increase from CNY 1,000,000,000 to CNY 3,000,000,000; and the shareholding ratio of the original shareholders will remain unchanged.

The transaction has been reviewed and approved in the seventh meeting of the fifth session of the board of directors of the company. The transaction must also be approved by the general meeting of shareholders