Guangzhou Shiyuan Electronic Technology Company Limited announced a private placement of not more than 199,964,911 A shares for gross proceeds of not more than CNY 2,095,494,400 on April 28, 2021. The pricing base date of the transaction 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 par value of the shares is CNY 1. The transaction will not have more than 35 special investors.

The lock-up period is 6 months. The transaction has been deliberated and approved at the 3rd meeting of the 4th directorate of the company, are subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission. The resolution of the issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting.