Shandong Link Trading Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 25,000,000 on September 28, 2022. The registered capital of the company will increase from CNY 5,000,000 to CNY 30,000,000. The transaction has been approved by the board of directors in its 10th meeting of the company?s 2nd Directorate and the 9th meeting of the 2nd Supervisory Board.

The transaction will include participation from returning investor, Shandong Link Science and Technology Co.,Ltd.