Shenzhen Fine Made Electronics Group Co., Ltd announced a private placement of not more than 47,296,729 A shares for the gross proceeds of not more than CNY 1,050,000,000 on January 27, 2021. The pricing base date for the transaction is the first day of the issuance period. The issue price shall not be less than 80% of the average trading price of the company's A shares on the 20 trading days prior to the pricing base date.

The transaction will include participation from not more than 35 investors. The securities issued in the transaction is subject to a hold period of six months from the closing date. The transaction was approved by eighteenth meeting of the second board of directors of the company.

The transaction is subject to approval from the Shenzhen Stock Exchange and China Securities Regulatory Commission.