Sanxiang Impression Co., Ltd. entered into a share subscription agreement with new investor Hubei United Development Investment Group Co.,Ltd for issuance of not more than 354,209,868 A shares at a price of CNY 2.88 per share for gross proceeds of not more than CNY 1,020,124,420 on November 16, 2023. The transaction has been approved at the 16th meeting of the eighth session of the board of directors and 14th (provisional) meeting of the 8th Board of Supervisors of the company. The transaction still needs to be approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission.

The shares shall not be transferred within 36 months from the date of completion of the issuance.