Unionman Technology Co., Ltd. announced a private placement of A shares at an issue price of not be lower than 80% of the average stock trading price in the 20 trading days prior to the pricing base date for the gross proceeds of not more than CNY 300,000,000 on April 26, 2023. The shares subscribed for this issuance shall not be transferred within 18 months from the date of completion of this issuance. The transaction will include participation from not more than 35 investors.

The transaction as been approved in the seventh meeting of the fifth board of directors. This proposal still needs to be submitted to the company's 2022 annual general meeting of shareholders for consideration.