JiangSu JiuWu Hi-Tech Co., Ltd. announced a private placement to issue A shares for the gross proceeds of CNY 243,900,000 on March 8, 2024. The transaction will include participation from Not exceeding 35 (inclusive) specific objects. The issue price is not less than 80% of the average trading price of the company?s stock in the twenty trading days before the pricing base date.

The transaction has been approved in the 8th Meeting of the 8th Board of Directors. The securities are restricted to a hold period.