Shenzhen Wenke Landscape Co., Ltd. announced a private placement of not more than 100,000,000 A shares at a price of CNY 2.92 per share for gross proceeds of not more than CNY 292,000,000 on December 22, 2021. The transaction will include participation from Foshan Construction Development Investment Co., Ltd. The company has singed share subscription agreement with the investor. The transaction has been approved in the 15th Meeting of the Company's 4th Directorate, 12th Meeting of the 4th Supervisory Board, and is subject to the company's shareholders, the national anti-monopoly bureau's approval or consent or decision for no further review of concentration of business operators, the State-owned Assets Supervision and Administration Department, and the China Securities Regulatory Commission.