GRG Metrology & Test (Fuzhou) Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 15,000,000 on June 27, 2022. The transaction will include participation from returning investor Guang Zhou GRG Metrology & Test Co., Ltd. Post closing, the registered capital of the company will increase from CNY 30,000,000 to CNY 45,000,000 The transaction has been approved at the 14th meeting of the fourth session of the board of directors of Guang Zhou GRG Metrology & Test Co., Ltd.