Shenzhen Fanhai Sanjiang Electronics Co.,Ltd announced that it will issue not more than 1,500,000 common shares at a price of CNY 20 per share for gross proceeds not exceeding CNY 30 million on April 21, 2022. The transaction will include participation form Huachangda Intelligent Equipment Group Co., Ltd. for share ration not exceeding 2.5%. The transaction has been approved in the twenty-fourth meeting of the fourth board of directors of the investor.