Guangdong Jinma Entertainment Corporation Limited announced a private placement of not more than 20,000,000 A shares of par value of CNY 1 per share for gross proceeds of not more than CNY 325,000,000 on December 3, 2021. The transaction will include participation from not more than 35 special investors. The pricing base date of this non-public offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The transaction has been deliberated and approved at the 10th meeting of the 3rd directorate of the company, and are subject to the approval of the company's shareholders meeting, Shenzhen Stock Exchange and the China Securities Regulatory Commission. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. The shares are subject to a lock-up period of 6 months.

On February 9, 2022, the company announced that it has obtained acceptance from Shenzhen Stock Exchange for Application Documents (Shenzheng Shangshen [2022] No. 31).