Henan Shenma Puli Materials Co., Ltd. announced that it has signed a purchase agreement to issue common shares for the gross proceeds of CNY 269.736 million on June 26, 2023. The transaction will include participation from returning investors, Shenma Industry Co.Ltd, investing CNY 148.014 million, China Pingmei Shenma Group Nylon Technology Co., Ltd., investing CNY 121.7220 million in the transaction. The transaction has been approved by Shenma Industry Co.Ltd's shareholders of the company in the 19th meeting of the 11th Board of Directors.

Post the transaction, the registered capital of the company will be increased from CNY 221.6 million yuan to CNY 491.336 million.