Blue Sail Medical Co.,Ltd. announced a private placement of not exceeding 302,126,555 A shares, par value of CNY 1 for gross proceeds not exceeding CNY 1,378 million on October 28, 2022. The transaction will include participation from not more than 35 special investors. The pricing base date of this non-public offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period.

All the securities issued in the transaction will subject to a lock-up period of six months. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. The transaction has been approved in the twenty-eighth meeting of the fifth directorate and is subject to the approval of the shareholders meeting of the company and the China Securities Regulatory Commission.