Phenix Optical Company Limited announced a private placement of common shares on September 29, 2021. The shares will be priced at not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The transaction has been approved at the twelfth meeting of the eighth board of supervisors and at the 13th Meeting of the company?s 8th directorate. The transaction need to be approved by the China Securities Regulatory Commission and company's shareholders. The shares cannot be transferred within 6 months from the issuance closing date.