Capitalonline Data Service Co., Ltd. announced a private placement to issue not more than 55,978,403 A shares pre-plan at an issue price for an aggregate gross proceeds of not more than CNY 716,070,300 on November 21, 2022. The issuance price of stocks issued shall not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

The shares subscribed cannot be transferred within 6 months from the issuance closing date. The The transaction has been approved at thirteenth meeting of the fifth board of directors and the thirteenth meeting of the fifth board of supervisors and is subject to the approval of shareholders, Shenzhen Stock Exchange, and the China Securities Regulatory Commission.