Chongqing Anjie Electronics Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 40 million on April 6, 2022. The transaction will include participation from returning investor Suzhou Anjie Technology Co., Ltd. Post the closing of the transaction, the investor will continue to hold 100% stake in company. Pursuant to the transaction, company's registered capital will increase from CNY 180 million to CNY 220 million.

The transaction has been approved by the investor in 36th meeting of the fourth board of directors.