Thinker Equity Investment (Huzhou) Co., Ltd. announced a placement of common shares for gross proceeds of CNY 107,500,000 on August 28, 2023. The transaction will include participation from returning investor, Thinker Agricultural Machinery Co., Ltd. for CNY 107,500,000. The transaction has been approved in the 20th meeting of Thinker Agricultural Machinery Co., Ltd.'s 4th directorate and does not need the shareholders?

approval. Through the transaction, the company's registered capital will increase from CNY 1,500,000 to CNY 109,000,000.