Shanghai Pret Composites Co., Ltd. announced a private placement of A shares with a par value of CNY 1 per share for gross proceeds of no more than CNY 300 million on April 19, 2023. The number of shares issued is determined by dividing the total amount of funds raised by the issue price and shall not exceed 30% of the company's total share capital before the issue. The issue price shall not be lower than 80% of the company's average stock price in the 20 trading days before the pricing base date (the calculation formula is: the average stock trading price in the 20 trading days before the pricing base date II total stock trading volume in the 20 trading days before the pricing base date / The total amount of stock transactions in the 20 trading days before the pricing benchmark day.

The issuance of stocks this time do not exceed 35 including securities investment fund management companies, securities companies, qualified foreign institutional investors, and RMB qualified foreign institutional investors who subscribe for two or more products under their management are regarded as one issuer; Fund subscription. The stocks issued to specific objects shall not be transferred within 6 months from the date of completion of the issuance. The transaction has been approved in the tenth meeting of the sixth board of directors and the eighth meeting of the sixth board of supervisors.