Suzhou Gaoxin Investment Management Co., Ltd. announced a private placement of common shares at a price of CNY 1.01 per share fro gross proceeds of CNY 300,000,000 on November 20, 2021. The transaction included participation from returning investor Suzhou New District Hi-Tech Industrial Co.,Ltd. Post the closing, its registered capital will increase from CNY 300,000,000 to CNY 597,029,703. The transaction has been approved in the 44th meeting of the company?s 9th directorate, and does not need the shareholders? approval.