SICC Co., Ltd. announced a private placement to issue A shares for gross proceeds of not exceeding CNY 300 million on April 11, 2024. The transaction will include participation from no more than 35 investors. The transaction has been approved at the second meeting of the second session of the board of directors.

The issuance price is not less than 80% of the average stock trading price in the 20 trading days before the pricing base date. The shares subscribed by the issuance subscribers shall not be transferred within 6 months from the date of completion of the issuance.