TIANJIN JINRONG TIANYU PRECISION MACHINERY INC. TianJin JinRong TianYu Precision Machinery Inc announced a private placement of A shares for gross proceeds of CNY 300,000,000 on March 25, 2022. The transaction will include participation from not more than 35 investors. The pricing base date of the issuance of stocks is the first day of the issuance period, and the issuance price shall not be lower than 80% of the average stock trading price of the 20 trading days before the pricing base date.
The transaction has been approved at the twenty-fifth meeting of the second board of directors.
