Ledman Optoelectronic Co., Ltd. announced a private placement of not more than 104,853,009 common shares for gross proceeds of not more than CNY 689,000,000 on April 12, 2022. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date.

The transaction was approved in the 2nd Meeting of the Company's 5th Directorate held on April 11, 2022, and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission