SVG Group Co.,Ltd announced a private placement of not more than 67,814,652 A shares for gross proceeds of not more than CNY 800,000,000 on November 17, 2020. The company will issue not more than 30% of total share capital before the issuance to not more than 35 specific investors. The transaction has been reviewed and approved at the 37th meeting of the company's fourth directorate and still needs to be reviewed and approved by the shareholders meeting scheduled on December 2, 2020, Shenzhen Stock Exchange, and by the China Securities Regulatory Commission. The validity period of the transaction is 12 months from the date of approval by the company's shareholders' meeting. The shares subscribed for by this non-public issuance shall not be listed for trading within six months from the end of this non-public issuance. On January 4, 2021, the Shenzhen Stock Exchange reviewed and accepted the application documents via Acceptance [2021] No. 1 submitted by the company with respect to the transaction.