Shanghai Nenghui Technology Co.,Ltd announced private placement of convertible corporate bonds to non-specific parties on May 20, 2022. The transaction is subject to approval in the second extraordinary general meeting. All the features of convertible corporate bonds including, eligibility for issuance of convertible corporate bonds to non-specific parties, plan for issuance of convertible corporate bonds to non-specific parties, type of securities to be issued, issuing scale, par value and issue price, bond duration, interest rate, conversion period, time limit and method for repaying the principal and interest, determination and adjustment of the conversion price, determining method for the number of converted shares and treatment method in case the remaining convertible bonds cannot be converted into one common share when conversion happens, provisions on downward adjustment of the conversion price, redemption clauses, resale clauses, dividend distribution after the conversion, issuing targets and method, arrangement for placing to original shareholders, matters regarding the meetings of bondholders, purpose of the raised funds, dedicated deposit account for raised funds, guarantee matters, rating matters and the valid period of the issuing plan will be discussed in the agenda of the meeting.