Loctek (Ningbo) International Trade Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 120 million on November 26, 2021. The transaction included participation from returning investor Loctek Ergonomic Technology Corp. Post the closing, the registered capital of the company increased from CNY 5 million to CNY 125 million.

The transaction has been approved at the 36th meeting of the 4th board of directors and the 30th meeting of the 4th board of supervisors.