Guangdong Senssun Weighing Apparatus Group Ltd. announced a private placement of common shares on July 8, 2022. The transaction will involve participation from not more than 35 investors. The issue volume in this raising of supporting funds will not exceed 30% of the total capital prior to transaction.

The transaction has been approved by the board of directors of the company at the 8th session of the its 5th directorate. The transaction still needs to be approved by the company's directorate, by the company's shareholders' meeting and China Securities Regulatory Commission.