Suzhou Huaya Intelligence Technology Co., Ltd. announced that a private placement of common shares on July 28, 2023. The transaction was approved by the board of directors of the company at its 5th session of the company?s 3rd directorate. The general meeting of shareholders of the company needs to approve the relevant proposals for this transaction, Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission.

The company will issue shares to no more than 35 qualified specific investors to raise supporting funds. The issued shares shall not be transferred within 6 months from the date of completion of the issuance.