Tianjin Troila Information Technology Co.,Ltd. announced a private placement of not more than 1,023,418,308 A shares for gross proceeds of up to CNY 3,435,591,200 on June 30, 2023. The transaction will include participation from not more than 35 investors. The transaction has been approved at the sixth meeting of the eleventh board of directors and the sixth meeting of the eleventh board of supervisors.

The transaction still needs to be approved by the company's general meeting of shareholders, the Shanghai Stock Exchange and the China Securities Regulatory Commission for registration and other procedures.