Haimo Technologies Group Corp. announced that it will issue not more than 115,429,721 A shares of the company at a price of CNY 3.88 per A share for gross proceeds of not more than CNY 447,867,300 on January 3, 2023. The transaction will include participation from Shandong New Journey Energy Co., Ltd. The pricing base date for the issuance of stocks to specific targets this time is the announcement date of the resolution of the ninth meeting of the seventh session of the board of directors of the company, and the issue price shall not be lower than 80% of the company's stock trading average price in the 20 trading days prior to the pricing base date. All the securities issued in the transaction will subject to a hold period of eighteen months. The transaction has been approved in the ninth meeting of the seventh board of directors of the company. The transaction is subject to approval of the shareholders of the company, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.

On May 31, 2023, the company received “Notice on Acceptance of Private Placement Application Documents” (Acceptance [2023] No. 399) issued by the Shenzhen Stock Exchange, having reviewed and decided to accept the company's private placement application.