Beijing Qianjing Landscape Co.,Ltd announced a private placement not more than of 192,857,142 series A shares for CNY 2.43 per share for not more than CNY 468.6429 million on November 9, 2022. The transaction will include participation from new investor, Shenzhen Guocheng Energy Investment Development Ltd. The pricing benchmark date of the issuance shall be the first day of the issue period of the issuance, and the issue price shall not be lower than 80% of the average trading price of the company?s A shares for the 20 trading days immediately preceding the pricing benchmark date. The transaction is subject to approval by the China Securities Regulatory Commission and Shanghai Stock Exchange.

The shares investor subscribes to cannot be transferred within 36 months from the issuance closing date. The transaction has been reviewed and approved at the 30th meeting of the fourth board of directors and the 24th meeting of the fourth board of supervisors of the company.