China Bester Group Telecom Co., Ltd. announces private placement to issue not more than 130,193,496 shares at a price will be 80% of average trading price of the company?s stock in the 20 trading days prior to the base date for gross proceeds of CNY 1,922,234,800 on March 13, 2025. It includes participation of not more than 35 specific investors. Lockup period is not more than 6 months The transaction has been approved in been approved by the company?s fourth directorate during its 5th meeting and is subject to approval by Shanghai Stock Exchange and China Securities Regulatory Commission.