Shenzhen Ysstech Info-Tech Co.,Ltd announced the private placement of not more than 100,000,000 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of not more than CNY 1,008,950,000 on November 8, 2022. The transaction will include participation from not more than 35 investors. The shares are restricted to a holding period of 6 months from the issuance closing date.

The transaction has been approved at the 5th meeting of the company's 5th directorate and the 5th meeting of the 5th supervisory board, and is subject to the approvals of the Company's Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.