Jushi Group Jiujiang Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 100,000,000 on June 9, 2023. The transaction will include participation from new investor China Jushi Co., Ltd. The transaction has been approved in the 8th Meeting of the Company’s 7th Directorate and does not need the shareholders approval. The registered capital of the company will increase from CNY 100,000,000 to CNY 200,000,000.