NAURA Technology Group Co., Ltd. announced a private placement of no more than 100,000,000 A shares for the gross proceeds of up to CNY 8,500,000,000 on April 21, 2021. The transaction will include participation from not more than 35 investors. The pricing base date is the first day of the issuance period.

The issue price will not be less than 80% of the average price of the stock price during the 20 trading days prior to the pricing base date. The shares must not be transferred within 6 months after issuance. The transaction has been approved by the 9th session of the company's 7th directorate and still needs to be approved by the shareholders' meeting and China Securities Regulatory Commission.