Sunfly Intelligent Technology Co., LTD announced a private placement of not more than 149,253,387 A shares for proceeds of CNY 300,000,000 on June 1, 2023. The transaction will include participation from not more than 35 investors. The pricing base date of this issuance is the first day of the issuance period of the company's stock issuance.

The issue price shall not be lower than 80% of the average price of the company's A shares in the 20 trading days prior to the pricing base date. The shares to be issued shall not be transferred within 6 months from the date of listing of the shares issued this time. The transaction was approved by the board of directors of the company at its 18th interim meeting of the fourth board of directors and subject to board of directors and China Securities Regulatory Commission.