Shanxi Antai Group Co.,Ltd announced that it will issue not more than 302,040,000 A shares for not more than CNY 673,560,000 on March 16, 2023. The transaction will include participation not more than 35 investors. Matters related to the company's non-public offering of shares have been deliberated and approved at the 2023 1st meeting of the 11th directorate of the company, and are subject to the approval of the company's shareholders meeting, Shanghai Stock Exchange and the China Securities Regulatory Commission.

The A shares are having lock-up period for 6 months.