Inner Mongolia Yonghe Fluorine Chemical Co., Ltd announced a private placement of common shares for proceeds of CNY 500,000,000 on April 3, 2023. The transaction will include participation from returning investor Zhejiang Yonghe Refrigerant Co., Ltd. After the transaction, the registered capital of the company will increase from CNY 500,000,000 to CNY 1,000,000,000. The transaction has been approved in the 32nd Meeting of the Zhejiang Yonghe Refrigerant Co., Ltd.'s, parent of the company, 3rd directorate and the 22nd meeting of the 3rd supervisory board and does not need the shareholders' approval.