GuoChuang Software Co.,Ltd. announced a private placement of not more than 73,748,838 A shares for gross proceeds of not more than CNY 910,000,000 on June 1, 2022. The company will issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

The securities issued are subject to a hold period of 6 months from issuance. The transaction was approved at the 4th meeting of the company's 4th directorate, and is subject to the approvals of the company's shareholders third extraordinary general meeting in 2022, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The resolution of this issuance is valid for twelve months from the date of deliberation and approval by the company's shareholders meeting.