Jiangsu Tongguang Ocean Optoelectronics Technology Co., Ltd. announced a private placement of gross proceeds for CNY 620,000,000 on July 21, 2023. The transaction will include participation from returning investor Jiangsu Tongguang Electronic Wire & Cable Co., Ltd. The company's registered capital will increase from CNY 60,505,070 to CNY 680,505,070. The transaction has been approved in the 30th Meeting of the Company?s 5th Directorate and the 21st Meeting of the 5th Supervisory Board, does not need the Shareholders?

Approval.