Suzhou Dongshan Precision Manufacturing Co., Ltd. announced a private placement of 130,548,302 A shares at a price of CNY 11.49 per share for the gross proceeds of CNY 1,499,999,989.98 on March 12, 2024. The transaction will include participation from new investors Yuan Yonggang for CNY 1,200,000,000 for 104,438,642 shares and Yuan Yongfeng for CNY 300,000,000 for 26,109,660 shares. The transaction has been approved at the 7th meeting of the company's 6th board of directors and still need to be reviewed and approved by the company's shareholders' meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

The shares cannot be transferred within 36 months from the end of issuance.