Zhuhai RongDa announced a private placement of 11,010,184 common shares for the gross proceeds of CNY 273,000,000 on July 14, 2023. The transaction will include participation from returning investor Shenzhen RongDa Photosensitive Science & Technology Co., Ltd. Post the transaction, the company's registered capital will increase to CNY 303,000,000. The transaction has been approved in the 23rd meeting of the 4th board of directors, and the 19th meeting of the 4th board of supervisors and does not need consideration at the company's general meeting of shareholders.