Improve Medical Instruments Co., Ltd. announced a private placement of not more than 26,000,000 A shares for gross proceeds of not more than CNY 156,000,000 on June 28, 2023. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date.

The transaction has been approved at the 1st meeting of the 6th directorate and the 1st meeting of the 6th supervisory board of the company. The transaction is subject to the approvals of the Shenzhen Stock Exchange and the China Securities Regulatory Commission.