Beijing Worldia Diamond Tools Co.,Ltd. announced a private placement of common shares for gross proceeds of not more than CNY 486.95 million on October 14, 2021. The transaction will include participation from no more than 35 specific investors. The number of issuances shall not exceed 30% of the total share capital of the listed company before the transaction.

The issue price of the shares to raise supporting funds for the issuance of shares this time shall not be lower than 80% of the average stock price of the listed company in the 20 trading days prior to the pricing benchmark date. The final issue price of the shares issued with the supporting funds will be determined by the board of directors of the listed company within the scope of the authorization of the general meeting of shareholders, in accordance with the relevant regulatory requirements of the China Securities Regulatory Commission and the provisions of relevant laws and regulations, and according to the subscription quotation of the issuer. The transaction has been approved in the seventh meeting of the third board of directors.

The shares subscribed by the above-mentioned specific investors shall not be transferred in any way within 6 months from the closing date of the issuance.