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 22,585,672 on September 3, 2021. The transaction will include participation from returning investors Suzhou Anjie Technology Co., Ltd. for CNY 20,000,000 and Suzhou Joint Prosperity Management Consulting Partnership Enterprise (Limited Partnership) for CNY 2,585,672. The transaction has been approved in the 30th meeting of the 4th Board of Directors and the 23rd 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 56,409,600 to CNY 78,995,272 and Suzhou Anjie Technology Co., Ltd.'s stake will increase from 82.2725% to 84.0678% and Suzhou Joint Prosperity Management Consulting Partnership Enterprise (Limited Partnership)'s stake will increase from 10.6365% to 10.8686%. The transaction is expected to close within ten working days from the date of signing of this agreement.