Suzhou UIGreen Micro&Nano Technologies Co.,Ltd entered into a share subscription agreement for not more than 24,000,000 shares for gross proceeds of not more than CNY 700,000,000 on November 18, 2021. The price per share will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors, including returning investor Luo Xingshun for not less than CNY 10,000,000.

The shares Luo Xingshun subscribes to cannot be transferred within 36 months from the issuance closing date. The shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 14th extraordinary meeting of the company's 1st directorate, and is subject to the approvals of the company's shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.