Shenyang Blue Silver Industry Automation Equipment Co., Ltd announced a private placement for issuing ordinary common shares at a par value of CNY 1 per share for gross proceeds of not more than CNY 300,000,000 on April 26, 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 issuance objects are legal persons, natural persons or other legal investment organizations that meet the regulations of the regulatory authorities, such as no more than 35 specific objects. The pricing base date for this issuance of shares is the first day of the issuance period, and the issue price shall not be lower than 80% of the average stock price of the company during the 20 trading days prior to the pricing base date.

The total amount of stock transactions in the 20 trading days before the base date/the total amount of stock transactions in the 20 trading days before the pricing base date. The shares issued to specific objects cannot be transferred within 6 months from the date of completion of issuance. Where the issuer falls under the circumstances specified in paragraph 2 of Article 57 of the Measures for the Administration of Registration of Securities Issuance by Listed Companies, the shares subscribed by them shall not be transferred within 18 months from the date of completion of the issue.

The transaction is approved by board of directors in its thirteenth meeting of the fourth board of directors of the company; tenth meeting of the fourth board of supervisors of the company, independent opinions of independent directors on matters related to the thirteenth meeting of the fourth board of directors. The use of proceeds should follow same provision Comply with national industrial policies and relevant laws and administrative regulations on environmental protection and land management, funds raised this time shall not be used for holding financial investment, and shall not directly or indirectly invest in companies whose main business is the sale and purchase of securities, and After the implementation of the fund-raising project, there will be no new horizontal competition with controlling shareholders, actual controllers and other companies controlled by them that will cause significant adverse effects, unfair related transactions, or seriously affect the independence of the company's production and operation.