Loctek Ergonomic Technology Corp. announced that it has entered into a share subscription agreement to issue not more than 93,357,591 A shares for gross proceeds of not more than CNY 500,000,000 on June 26, 2023. The transaction will include participation from not more than 35 specific investors including individual investor, Xiang Lehong for not less than CNY 30,000,000 and not more than CNY 50,000,000. The shares to be issued to Xiang Lehong shall have a hold period of 18 months from the completion of issuance, and the shares to be issued to other investors shall have a hold period of 6 months from the completion of issuance. The transaction has been approved at the company?s 5th directorate during its 18th meeting and the company?s 5th supervisory board held its 15th meeting, and is subject to approval by the Shenzhen Stock Exchange and the China Securities Regulatory Commission.

On August 17, 2023, the company announced that the application for the issuance of shares has been accepted by the Shenzhen Stock Exchange.