Fujian Kaimeite Gases Co., Ltd announced a private placement of gross proceeds for CNY 346,589,400 on August 28, 2023. The transaction will include participation from returning investor, Hunan Kaimeite Gases Co., Ltd. The company's registered capital is CNY 200,000,000 and CNY 146,589,400 as capital reserve. In post closing, the company's registered capital will increase from CNY 200,000,000 to CNY 400,000,000.

The company held that the transaction has been approved in the 5th Meeting of the Company?s 6th Directorate and the 5th Meeting of the Company?s 6th Supervisory Board, still subject to the Shareholders? Approval.