Changsha Univic Petrochemical Co., Ltd. announced a placement of 7,628,000 common shares at an issue price of CNY 6.220 per share for gross proceeds of CNY 47,446,160 on January 21, 2024. The transaction will include participation from new investor, Qingdao Paguld Intelligent Manufacturing Co.,Ltd. for 7,628,000 shares for 28.360% stake. The company's registered capital will increase from CNY 19,272,000 to CNY 26,900,000.

Post-completion of the transaction, CNY 7,628,000.00 will be added to the registered capital and CNY 39,818,160 to the capital reserve.