Chaozhou Three-Circle (Group) Co.,Ltd. announced a private placement of not more than 363,381,190 common shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 7,500,000,000 on May 10, 2021. The transaction will include participation from not more than 35 investors. The transaction has been approved in the 13th meeting of the company's 10th directorate, and is subject to the approvals of the shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The shares the investors will subscribe to cannot be transferred within 6 months from the issuance closing date.

On July 9, 2021, the company announced that the Shenzhen Stock Exchange has reviewed and accepted the transaction under application acceptance [2021] no. 358.