Jinlei Technology Co., Ltd. announced a private placement of not more than 78,526,045 A shares at an issue price of not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period for gross proceeds of not more than CNY 2,151,800,000 on August 25, 2022. The shares will have hold period of 6 months. The transaction will include participation from not more than 35 special investors. The share have a face value of CNY 1 per share. The transaction has been approved by the board of directors in its 11th meeting of the 5th directorate and are subject to the approval of the company's shareholders meeting, Shenzhen Stock Exchange and the China Securities Regulatory Commission. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting.

On October 21, 2022, the company received notice on acceptance of it's private placement application documents (Acceptance [2022] No. 510) issued by the Shanghai Shenzhen Stock Exchange.