Huaci Group: Planning to raise no more than 700 million yuan through a private placement

HuaCi announced that it plans to issue A-shares to specific investors to raise funds of up to 700 million yuan. After deducting the issuance expenses, the raised funds will be used for the ASEAN Ceramic Valley project. The number of shares issued this time will not exceed 75.56 million shares, and the issue targets include up to 35 specific investors, including the controlling shareholder Zhu Yu Investment. Zhu Yu Investment plans to subscribe for a total amount of 30 million yuan, and the subscribed shares cannot be transferred within 18 months from the end of the issuance. The shares subscribed by the remaining investors cannot be transferred within 6 months from the end of the issuance.