Pci Technology Group Co.,Ltd. announced a private placement of not more than 527,468,729 A shares for gross proceeds of not more than 3,314,000,000 on February 25, 2022. The issue price shall not lower than 80% of the average trading price of the company's A shares in the 20 trading days before the pricing benchmark date. The transaction will include participation from not more than 35 investors.

The transaction has been approved at the 3rd extraordinary meeting of 9th board of directors of the company and is subject to approval from shareholders and the China Securities Regulatory Commission.