converted to English: https://m.jrj.com.cn/madapter/stock/2023/12/04172438662726.shtml
December 4th financial news, Hebang Biology announced that its wholly-owned subsidiary, Hebang Biology (Hong Kong) Investment Co., Ltd., recently signed a 'Share Subscription Agreement' with the Australian-listed company Avenira Limited. The agreement involves subscribing to 181,818,182 newly issued ordinary shares, representing 10.47% of the company's pre-issue total share capital, with an investment amount of 2 million Australian dollars (approximately 9,419,200.00 RMB). Previously, the company had held 2.84% of AEV's shares through Hebang Hong Kong, and with this transaction, the company will now hold a total of 12.04% of AEV’s shares. This investment will be paid with Hebang Hong Kong's own funds, aiming to integrate resource industry chains around the main business, build a yellow phosphorus plant using AEV’s high-quality phosphate resources through an investment model, and ensure a stable supply of yellow phosphorus to meet future production demands. The investment will be accounted for as an equity instrument investment. After the investment is completed, the company will continue to advance its cooperation plan with AEV and will consider increasing its investment based on subsequent progress. The company also highlighted the risks of legal, policy, market, and exchange rate fluctuations
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Ann: Equity Investment and Strategic Cooperation and Offtake MOU, page-31
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