Jones Tech PLC announced a private placement of not more than 20,000000 A shares for gross proceeds of not more than CNY 300,000,000 on June 28, 2023. The transaction will include participation from not more than 35 investors. The pricing base date for this issuance is the first day of the issuance period, and the issue price shall not be lower than 80% of the average trading price of the company’s stock in the 20 trading days prior to the pricing base date.

The securities have a hold period of 6 months from the date of listing of the shares. The transaction has been approved at the 8th session of the company’s 4th directorate and the 7th session of the company’s 4th supervisory board and is subject to approval from the board of directors, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.