Dark Horse Venture (Beijing) Technology Co., Ltd. announced a private placement of up to 12,750,000 common shares for gross proceeds of up to CNY 114,100,000 on June 30, 2022. The transaction have been reviewed and approved at the second meeting of the company's third board of directors, the company's 2021 annual general meeting, and the fourth meeting of the company's third board of directors. The transaction still require approval of the Shenzhen Stock Exchange and the approval of the China Securities Regulatory Commission.