Shanghai Boke Information Technology Co., Ltd. announced a private placement of 9,709,677 common shares at an issue price of CNY 20.93 per share for gross proceeds of CNY 203,223,540 from new investor China National Software & Service Company Limited on October 29, 2021. Post the closing, the investor will acquire 7% stake in the company. The registered capital will increase from CNY 129,000,000 to CNY 138,709,677. The transaction has been approved by the board of directors at the thirty-second meeting of the seventh board of directors, of the investor and still needs to be approved by the company?s general meeting of shareholders. On November 17, 2021, the transaction was approved by China National Software & Service Company Limited's Fifth Extraordinary General Meeting of Shareholders in 2021.