Guangdong Hongtu (Tianjin) Auto Parts Co., Ltd announced a private placement of common shares for an aggregate gross proceeds of CNY 175,000,000 on April 3, 2024. The transaction will include participation from returning investor Guangdong Hongtu Technology (holdings) Co.,Ltd. This transaction has been approved in the 39th meeting of the 8th board of directors. After the transaction, the registered capital will increase from CNY 25,000,000 to CNY 200,000,000.

The capital increase is within the approval authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders for deliberation.