Ningbo Lehui International Engineering Equipment Co.,Ltd announced a private placement to issue not more than 36,210,403 A shares for an aggregate gross proceeds of not more than CNY 463,504,300 on August 10, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The transaction has been approved by the 14th meeting of the company's third board of directors and it still needs to be approved by the company's general meeting of shareholders, by the China Securities Regulatory Commission and by the Shanghai Stock Exchange.