Anjie Wireless Technology (Suzhou) Co., Ltd. announced that it has entered into an agreement for a private placement of common shares for gross proceeds of CNY 21,004,728 on November 23, 2021. The transaction will include participation from returning investors Suzhou Anjie Technology Co., Ltd. for CNY 18,600,047, and Suzhou Joint Prosperity Management Consulting Partnership Enterprise (Limited Partnership) for CNY 2,404,681. The transaction has been approved in the 33th meeting of the 4th Board of Directors and the 26th session meeting of the 4th Board of Supervisors of Suzhou Anjie Technology Co., Ltd. Post the transaction, the registered capital of the company will increase from CNY 78,995,272 to CNY 100,000,000 and Suzhou Anjie Technology Co., Ltd.'s stake will increase from 84.0678% to 85.0096% and Suzhou Joint Prosperity Management Consulting Partnership Enterprise (Limited Partnership)'s stake will increase from 10.8686% to 10.9904%. The transaction is expected to close within 30 working days from the date of signing of this agreement.