Enjoyor Technology Co., Ltd. announced a private placement of not more than 196,736,725 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of no more than CNY 1,000,000,000 on April 13, 2022. The transaction includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction is approved by the board of directors in the 19th Meeting of the 5th Directorate and the 18th Meeting of the 5th Supervisory Board. The transaction is subject to approval from company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On August 29, 2022, the company announced the acceptance of the company's application for issuing shares to specific objects by the Shenzhen Stock Exchange.