Xianglu Tungsten announced that the company has completed issuing 164.657 million shares to specific targets at an issue price of 2981 yuan/share, raising a total capital of 491 million yuan, with a net amount of 477 million yuan. The total share capital increased to 344 million shares after issuance. None of the company's directors or senior management participated in the subscription. The number of shares held remained unchanged. The shareholding ratio was passively diluted due to the increase in total share capital: Chairman Chen Qifeng's shareholding ratio fell from 15.8438% to 15.0846%, Director and Deputy General Manager Chen Weier fell from 4.1819% to 3.9815%, and Director and General Manager Chen Weidong dropped from 3.8399% to 3.6559%.

Xianglu Tungsten announced that the company has completed issuing 164.657 million shares to specific targets at an issue price of 2981 yuan/share, raising a total capital of 491 million yuan, with a net amount of 477 million yuan. The total share capital increased to 344 million shares after issuance. None of the company's directors or senior management participated in the subscription. The number of shares held remained unchanged. The shareholding ratio was passively diluted due to the increase in total share capital: Chairman Chen Qifeng's shareholding ratio fell from 15.8438% to 15.0846%, Director and Deputy General Manager Chen Weier fell from 4.1819% to 3.9815%, and Director and General Manager Chen Weidong dropped from 3.8399% to 3.6559%.