Beijing SunWise Space Technology Co., Ltd announced a private placement of common shares for gross proceeds of CNY 184,511,000 on December 13, 2021. The transaction will include participation from returning investor Beijing Ctrowell Technology Corporation Limited to retain its 100% stake. Post-closing, registered capital will increase from CNY 205,000,000 to CNY 389,511,000.

The transaction has been approved in the 7th Meeting of the Company's 4th Directorate and the 7th Meeting of the Company's 4th Supervisory Board and does not need the Shareholders' Approval.