Shaoneng Group Oasis Ecological (Xinfeng) Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 150 million on September 17, 2021. The transaction will include participation from returning investor Guangdong Shaoneng Group Co., Ltd. As a result, the company's registered capital will increase from CNY 200 million to CNY 350 million. The transaction has been reviewed and approved at the fifth meeting of the investor's tenth board of directors, and there is no need to submit it to the general meeting of shareholders for deliberation.