Suzhou Jupin Network Technology Co., Ltd announced a private placement of common shares for gross proceeds of CNY 70,000,000 on February 17, 2022. The transaction will include participation from returning investor Beijing Career International Co., Ltd to retain its 100% stake. The transaction has been approved in the 7th Meeting of the Company's 3rd Directorate and the 6th Meeting of the 3rd Supervisory Board and do not need the Shareholders' Approval.