Beijing Yuanlong Yato Culture Dissemination Co.,Ltd. announced a private placement of not more than 66,951,252 A shares for gross proceeds of not more than CNY 1,082,735,700 on May 6, 2022. The transaction include participation from no more than 35 specific subscribers, including securities investment fund management companies, securities companies, trust companies, financial companies, insurance institutional investors, and qualified foreign institutions that comply with the regulations of the China Securities Regulatory Commission. The transaction was approved by the board of directors of the company in its seventh meeting of the fourth session and subjected to approval of shares holders and China Securities Regulatory Commission.

The pricing base date is the first day of the issuance period. The issue price will not be less than 80% of the average price of the company's shares during the 20 trading days prior to the pricing base date. The shares issued are subjected 6 months hold period.