Datang Huayin Electric Power Co., Ltd announced a private placement of up to 250,000,000 A shares at a price of CNY 4 per share for gross proceeds of up to CNY 1,000,000,000 on November 8, 2021. The transaction will include participation from not more than 35 investors. The price of this issuance shall not be lower than 80% of the average price of the company's stocks on the 20 trading days before the pricing base date. The transaction has been approved at the 10th meeting of the company's board of directors in 2021, 5th meeting of Board of Supervisors and have been approved by Datang Group. The issuance needs to be reviewed and approved by the company's shareholders meeting and approved by the China Securities Regulatory Commission. The shares are subject to hold period of six months.

On March 4, 2022, the company announced that it has received acceptance of application for non-public issuance of shares by China Securities Regulatory Commission.