Ningbo Henghe Precision Industry Co.,Ltd. announced a private placement of not more than 66,623,355 A 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 588,000,000 on January 8, 2024. 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 has been approved in the 14th Meeting of the 4th Directorate and the 10th Meeting of the 4th Supervisory Board, and is subject to the approvals of the company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.