Norinco International Cooperation Ltd. announced a private placement of common shares for gross proceeds of not more than CNY 300,000,000 on April 21, 2023. The transaction will include participation from not more than 35 investors. The shares are issued at par.

The issue price of this issue shall not be lower than 80% of the average price of the company's stock price in the 20 trading days prior to the pricing base date. The transaction has been approved by the board of directors of the company at the 20th meeting of the eighth session of the board of directors and the tenth meeting of the eighth session of the board of supervisors.