Minmetals Capital Company Limited announced a private placement of not more than 100,000,000 non-convertible preferred shares having a par value of CNY 100 per share at an issue price of CNY 100 per share for gross proceeds of CNY 10,000,000,000 on June 30, 2022. The transaction will include participation from no more than 200 people who meet the requirements of the Administrative Measures for the Pilot Program of preferred shares of the China Securities Regulatory Commission and other laws and regulations. The issuance will be completed in installments within the validity period of the approval document from the date of approval by the China Securities Regulatory Commission.

The preference shares has a fixed dividend rate, accumulative, with a single-jump arrangement. The transaction has been approved at the 19th meeting of the 8th board of directors, and still needs to be reviewed and approved by the company's general meeting of shareholders and submitted to the China Securities Regulatory Commission, State-owned Assets Supervision and Administration Commission of the State Council, and other regulatory authorities.