Huaci Co., Ltd.: Plans to raise no more than 700 million yuan through a private placement.

On May 29, Huaci announced that it intends to issue A-share shares to specific objects to raise no more than 700 million yuan, and the raised funds are intended to be used for the ASEAN Ceramic Valley project after deducting the issuance costs. The number of shares to be issued this time does not exceed 75.56 million shares (including the number of shares), and the issuance object is no more than 35 specific investors, including the controlling shareholder Zhiyu Investment. Zhiyu Investment intends to subscribe for a total of 30 million yuan, and the subscribed shares shall not be transferred within 18 months from the date of the end of the issuance, and the shares subscribed by the remaining issuers shall not be transferred within 6 months from the date of the end of the issuance.