Gpro Titanium Industry Co., Ltd. announced that it has entered into a share subscription agreement to issue not more than 296,049,928 A shares for gross proceeds of not more than CNY 900,000,000 on May 26, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors including new investor, Jiangsu GPR0 Group Co.,Ltd. with not less than 30% stake post completion of the transaction.

The shares to be issued shall have a hold period of 18 months and others for 6 months from closing of the transaction. The transaction has been reviewed and approved at the 16th meeting of the 8th board of directors of the company. The transaction is still subject to approval from shareholders, Shenzhen Stock Exchange and the China Securities Regulatory Commission.

Controlling shareholder of the issuer holding 338,101,448 shares, a shareholding ratio of 34.26%