New Hua Du Supercenter Co.,Ltd. announced a private placement of not more than 205,369,164 A shares for gross proceeds of not more than CNY 714,962,200 on March 26, 2021. The issue price is 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 shares to be issued cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 7th (Extraordinary) Meeting of the Company's 5th Directorate held on March 26, 2021, and is subject to the approvals of the Shareholders and the China Securities Regulatory Commission.