Broadex Technologies Co., Ltd. announced that it has entered into agreement for a private placement of not more than 22,000,000 shares at a price of CNY 17.57 per share for proceeds of CNY 386,540,000 on November 3, 2022. The transaction will include participation from returning investor Yangtze Optical Fibre And Cable Joint Stock Limited Company. The transaction was approved by the board of directors of the investor at its 20th board meeting of the 5th session and subject to Shareholders, the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The securities to be issued will have a hold period 36 months. The plan to issue shares to specific objects has been reviewed and approved at the 18th meeting of the 5th Supervisory Committee of the company.

On December 27, 2022, the company announced that Shenzhen Stock Exchange reviewed and accept the private placement application.

On April 6, 2023, the company announced that the China Securities Regulatory Commission approved the registration application for issuing stocks to specific objects.