Shanghai Lujiazui Finance & Trade Zone Development Co.,Ltd. announced a private placement of A shares at a par value of CNY 1 per share on December 16, 2022. The transaction include participation from not more than 35 investors. The issue price is not lower than 80% of the average price trading on the 20 trading days before the first day of the issuance period.

The number of shares to be issued in this non-public issuance shall not exceed 30% of the total share capital of the company. The issuance shares shall not be transferred within 6 months from the end of the issuance of these shares. The transaction has been reviewed and approved at the 2022 4th Extraordinary Meeting of the 9th board of directors of the listed company.

The transaction is still subject to approval of the state -owned assets supervision and management department, board of directors of the company, the China Securities Regulatory Commission.