BOZHON Precision Industry Technology Co.,Ltd announced a private placement of not more than 120,754,950 A shares for the gross proceeds of up to CNY 1,700,000,000 on January 17, 2022. The transaction will include participation from not more than 35 investors. The issue price shall not be lower than 80% of the average stock trading price of the 20 trading days prior to the pricing benchmark date ,average stock trading price of the company in the 20 trading days prior to the pricing benchmark date equal total stock trading volume of the 20 trading days prior to the pricing benchmark date/20 transactions prior to the pricing benchmark date.

The number of shares to be issued to specific objects this time is determined by dividing the total amount of funds raised by the issue price, and does not exceed 30% of the company's total share capital before this issuance. The final number of issuances will be determined by the board of directors of the company in consultation with the sponsor of the issuance according to the subscription quotation of the issuance object after the issuance is approved by the China Securities Regulatory Commission. The shares subscribed by the issuance shall not be transferred within six months from the date of the end of the issuance.

After the expiration of the lock-up period, the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange shall be implemented. The transaction has been approved at the ninth meeting of the second session of the board of directors and eighth meeting of the 2nd supervisory board held by the company. The transaction is subject to approval from the China Securities Regulatory Commission.