Jilin Jlu Communication Design Institute Co., Ltd announced a private placement of not more than 72,000,000 common shares for gross proceeds of up to CNY 251,191,700 on November 8, 2021. The transaction will include participation from not more than 35 investors. The issue price is not less than 80% of the average price of the company?s A shares on the 20 trading days prior to the pricing base date. The pricing base date for the transaction is the first day of the issuance period of the company's current issuance of shares. The transaction has been approved at the ninth meeting of fourth board of directors of the company. The transaction is subject to approval from Shenzhen Stock Exchange, China Securities Regulatory Commission and shareholders of the company. The securities issued will be subject to a hold period of 6 months from the date of issuance.