Guoanda Co., Ltd. announced a private placement of 8,000,000 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of CNY 160,000,000 on April 21, 2022. The transaction will include participation from not more than 35 investors. The transaction has been approved in 17th Meeting of the 3rd Directorate of the company.

The shares are restricted to a hold period of 6 months from the date of closing.