Jutze Intelligent Technology Co., Ltd. announced a share subscription agreement for not more than 33,783,783 A shares at an issue price of CNY 14.80 per share for gross proceeds of not more than CNY 500 million on July 5, 2022. The transaction will include participation from returning investor Yang Yong. The issuance price is not lower than 20 days before the pricing base date.

The number of issued shares does not exceed 30% of the company's total share capital before this issuance. The final number of issuance will be approved by the Shenzhen Stock Exchange and China Securities Regulatory Commission for registration, and the board of directors of the company will, according to the authorization of the company's general meeting of shareholders. The transaction was approved by the board of directors at sixth meeting of the third board of directors and still needs to be reviewed and approved by the company's shareholders meeting, Shenzhen Stock Exchange, and China Securities Regulatory Commission.

All securities issued are subject to a hold period of 36 months from the date of issuance.