Tianjin Jingwei Huikai Optoelectronic Co., Ltd. announced a private placement of not more than 139,343,488 A shares for gross proceeds of not more than CNY 1,300,000,000 on December 25, 2020. The transaction will include participation from not more than 35 investors. The shares will be issued at premium to par value of CNY 1 per share.

The shares will be subject to a hold period of 6 months. The transaction is approved in the 38th meeting of the 4th directorate and 29th meeting of the 4th board of supervisors of the company, and is subject to approval of shareholders in its 1st extraordinary general meeting of 2021 to be held on January 14, 2021, the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The pricing base date of this offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period.