Dongguan Kingsun Optoelectronic Co.,Ltd. announced a private placement of not more than 433,000,000 A shares at an issue price of CNY 2.10 per A share for the gross proceeds of not more than CNY 909,300,000 on April 24, 2023. The transaction will include new investor Dongguan Jingtengda Enterprise Management Partnership (Limited Partnership), which will subscribe to all shares and hold 23.04% stake. All the securities issued in the transaction have a hold period of 36 months from issuance closing date.

The transaction has been approved at the 40th meeting of the company's 5th Directorate and the 28th meeting of the company's 5th supervisory board, and the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission are still required. On the same date, the parties signed Share Subscription Agreement.