Shanghai Baosteel Packaging Co., Ltd. (“Baosteel Packaging”, stock code: 601968.SH), a leading company in China specializing in the production of metal packaging for fast-moving consumer goods such as food and beverages, is a subsidiary of the China Baowu Steel Group Corporation Limited, a centrally administered state-owned enterprise. Baosteel Packaging’s main products include metal two-piece beverage cans and corresponding easy-open ends, printed tinplate products and new materials packaging. It is recognized as a leader and one of the standard-setters in high-end metal packaging for fast-moving consumer goods in China.

Baosteel Packaging successfully completed a private placement of A-shares (“the issuance”) on December 25, 2024, raising a total of RMB 698 million at an issue price of RMB 4.89 per share. The issuance attracted investment from several central and state-owned enterprise investors. The funds raised will be used for the construction of new smart manufacturing bases both domestically and internationally, as well as for supplementing working capital, which will help Baosteel Packaging seize key opportunities in the industry development, advance its development strategy for metal packaging layout, strengthen its collaboration with strategic customers, and consolidate and enhance its market position and competitiveness.

Fangda acted as Baosteel Packaging’s legal counsel throughout the entire private placement process. The team was led by partners Leo Lou and Yvette Liu. Team members included Cesar Chang, Cecilia Jiang, Li Menyuan, Hermila Zhang, and Cecilia Zhang.