Henan GRG Measurement and Testing Co., Ltd. announced a private placement of common shares at an for gross proceeds of CNY 20,000,000 on June 28, 2022. 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 25,000,000 to CNY 45,000,000.

The payment date is December 27, 2018. The transaction has been approved by the 14th meeting of the fourth session of the board of directors of the investor.