Knowology (Zhenjiang) Intelligent Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 12,500,000 on July 15, 2022. The transaction will include participation from returning investor Business-intelligence of Oriental Nations Corporation Ltd. to increase its stake to 13.01%. Post closing, the registered capital of the company will increase from CNY 10,000,000 to CNY 12,000,000.

The transaction has been approved at the twelfth meeting of the fifth board of directors of Business-intelligence of Oriental Nations Corporation Ltd. Post closing, the registered capital of the company will increase from CNY 6,800,463 to CNY 7,158,262.