Jiangxi Kingli Science Share Co., Ltd announced that it will issue 44,871,262 shares at a price of CNY 1 per share for proceeds of CNY 44,871,262 on February 15, 2022. The transaction will include participation from returning investors Changyuan Technology Group Ltd. for CNY 39,771,262, and Shenzhen Ankaiyuan Industrial Development Co., Ltd. for CNY 5,100,000. Post the transaction, the total share capital of the company will increase from CNY 93,795,840 to CNY 138,667,102 and Changyuan Technology Group Ltd. will hold 70,720,222 shares accounting to 51% stake in the company.

The transaction has been approved at the 10th meeting of the 8th Board of Directors of Changyuan Technology Group Ltd.