Henan GRG Measurement and Testing Co., Ltd. announced a private placement of common shares at an for gross proceeds of CNY 15,000,000 on April 26, 2024. The transaction will involve participation from existing investor, Guang Zhou GRG Metrology & Test Co., Ltd. The investor will retain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 45,000,000 to CNY 60,000,000.

The transaction has been approved in the 5th meeting of the 5th board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.