Boai NKY Medical Holdings Ltd announced a private placement to issue 50,000,000 A shares at an issue price of CNY 12.46 per share for the gross proceeds of CNY 623,000,000 on February 19, 2024. The company announced that the transaction has been approved by the shareholders of the company in the 9th Meeting of the 5th Directorate and the 6th Meeting of the 5th Supervisory Board, and approved the 2024 private placement of A shares and is subject to the approval of the Company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.