CGN Nuclear Technology Development Co., Ltd. announced a private placement for 44,843,049 class A common shares at a price of CNY 6.69 per share for the gross proceeds of CNY 299,999,998 on August 24, 2023. The transaction will include participation from returning investor, CGN (Beijing) Nuclear Technology Application Co., Ltd. The shares subscribed must not be transferred within 36 months after issuance. The transaction has been approved by the shareholders of the company in the 9th session of the company?s 10th directorate and is subjected to approved by the company?s shareholders?

meeting, Shenzhen Stock Exchange and China Securities Regulatory Commission.