Lets Holdings Group Co., Ltd. announced the private placement of not more than 60,000,000 shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of not more than CNY 300,000,000 on April 18, 2023. The transaction will involved participation from not more than 35 investors. The Company held the 2022 Annual General Shareholders Meeting, and authorized the Company's Directorate to implement a private placement of shares.

The shares cannot be transferred within 6 months from the issuance closing date.