Shenzhen Taiguan Technology Co., Ltd. announced a placement of common shares for gross proceeds of CNY 117,000,000 on February 20, 2023. The transaction will include participation from returning investor, Landai Technology Group Corp., Ltd. Through the transaction, the company's registered capital will increase from CNY 92,736,800 to CNY 150,000,000 and the capital reserve will increase by CNY 59,736,800. The transaction has been approved at the 32nd session of Landai Technology Group Corp., Ltd.'s 4th directorate and the 26th session of the company?s 4th supervisory board.