DIT Group Limited announced that it has entered into a subscription agreement for a private placement of 300,000,000 common shares at a price of HKD 0.96 per share for gross proceeds of HKD 288,000,000 on August 20, 2021. The transaction will include participation from new investor Glodon (Hong Kong) Software Limited to acquire 9.67% stake in the company. The company will pay HKD 500,000 as issue expenses and will receive net proceeds of HKD 287,500,000 in the transaction. As a part of the transaction, the investor will have the right to appoint one director in the company. All securities to be issued in the transaction will be subject to a hold period of one year. The transaction has been approved in the 13th meeting of the fifth board of directors of Glodon Technology Co., Ltd. and it still needs to be approved or filed by the relevant state departments. The transaction is expected to close on or before October 20, 2021.