Shunya International Martech (Beijing) Co., Ltd. announced that it has signed a share subscription agreement for a private placement of not more than 132,000,000 common shares at an issue price of CNY 4.16 per share for gross proceeds of CNY 549,120,000 on November 19, 2021. The transaction will involve participation from individual investor, Ouyang Shaohong. Post-closing of the transaction, Ouyang Shaohong will increase its stake from 20% stake to 38.42% stake in the company. The shares cannot be transferred within 36 months from the issuance closing date. The transaction has been approved in the 24th meeting of the company's 4th directorate, and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On January 22, 2022, the company announced that it has received Acceptance of Application for Issuance of Shares to Specific Objects issued by the Shenzhen Stock Exchange under approval [2022] No. 21.