TCL Technology Group Corporation announced a private placement of not more than 2,806,157,672 A shares for gross proceeds of not more than CNY 12,000,000,000 on April 9, 2021. The company will issue shares at a price not less than 80% of the average price of the company's shares 20 trading days before the first date of issuance. The shares to be issued have a par value of CNY 1 each. The transaction will include participation from not more than 35 investors. All shares to be issued will be subject to a lock-up period of 6 months. The transaction has been approved in the 6th meeting of the 7th directorate of the company, and is subject to the approval in company's shareholders meeting and approval from China Securities Regulatory Commission. The resolution for the transaction is valid for 12 months from the date of shareholders' approval.