Shenzhen Best of Best Holdings Co.,Ltd. announced a private placement of ordinary A shares, with a face value of CNY 1 per share for gross proceeds of not more than CNY 300 million on April 17, 2023. The number of shares issued is determined by dividing the total amount of funds raised by the issue price, and shall not exceed 30% of the company's total share capital before the issue. The number of issuers shall not exceed 35 (including 35).

The pricing base date for the issuance of stocks to specific targets through simple procedures this time is the first day of the issuance period, and the issue price shall not be lower than 80% of the average price of the company's stocks in the 20 trading days prior to the pricing base date. The transaction has been approved in the the third meeting of the second board of directors.