Shanxi Bank Co.,Ltd. announced that it has signed an agreement to issue 1,897,893,338 common shares at an issue price of CNY 1.00111 per share for gross proceeds of CNY 1,900,000,000 on December 30, 2022. The transaction will include participation from new investor, Shanxi Coal International Energy Group Co.,Ltd for 7.33% stake. The transaction has been approved at the ninth meeting of the eighth session of the board of directors.