Dongguan Lianpeng Automation Equipment Co., Ltd. announced a placement of common shares for gross proceeds of CNY 409,030,500 on August 24, 2023. The transaction will include participation from returning investor, Shenzhen Liande Automation Equipment co.,ltd. maintaining its 100% stake. The transaction has been approved at the 25th session of Shenzhen Liande Automation Equipment co.,ltd.'s fourth directorate and the 23rd session of the 4th supervisory board.

This transaction still needs to be approved by the shareholders? meeting. Through the transaction, the company's capital will increase from CNY 130 million to CNY 539,030,500.