Shenzhen RongDa Photosensitive Science & Technology Co., Ltd announced a private placement of not more than 58,214,900 common shares for gross proceeds of not more than CNY 670,000,000 on March 7, 2022. The transaction will include participation from not more than 35 investors including securities investment fund management companies, securities companies, insurance institutional investors, trust companies, finance companies, qualified foreign institutional investors, and securities investment fund management companies, securities companies, and qualified foreign institutional investors that meet the requirements of the China Securities Regulatory Commission. The pricing base date of this issuance is the first day of the issuance period, and the issuance price shall not be lower than 80% of the company's average stock trading price 20 trading days prior to the pricing benchmark.

The shares to be issued in the transaction shall not be transferred within six months from the date of the end of this issuance. The issuance of shares still needs to be reviewed and approved by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration. The transaction was approved at the thirteenth meeting of the fourth board of directors of the company.