On June 19,2017,Tangshan Sanyou Chemical Co.,Ltd.(hereinafter referred to as"the Company")completed the registration and custody procedures for the non-public issuance of new shares in 2016 at the Shanghai Branch of China Securities Depository and Clearing Corporation.So far,the company has successfully completed a non-public offering of shares to specific targets,issuing a total of 213963961 ordinary shares(A shares)of RMB at an issue price of 6.66 yuan per share,and raising funds of 1.4 billion yuan.

The company was established in 1999,and in 2003,it initially issued A-shares and went public.This financing can enable the company to replenish working capital,optimize capital structure,reduce financial expenses,and enhance its ability to resist risks.It will effectively enhance the company's working capital scale and sustainable financing capacity,and provide financial support for the company's smooth realization of strategic layout.It is an important measure for the company to comprehensively enhance its competitiveness and achieve sustainable development.The company's capital strength and market influence will be further enhanced,and its profitability and risk resistance ability will be improved,which is conducive to the company's further growth and strength,laying a solid foundation for achieving the company's development strategy and the goal of maximizing shareholder interests.

Gao Peng served as the company's legal adviser in this project,and the team led by lawyer Fan Chao,senior partner of the general office,participated in and assisted the company in completing various tasks during the non-public offering process,providing solutions to relevant legal issues,and issuing legal opinions in accordance with the law.The company's 2016 non-public offering project was successfully completed.

This article is translated by software translator for reference only.