Trust Alliance Information Development Inc.Ltd.Shanghai announced a private placement of not more than 61,540,612 A shares for gross proceeds of not more than CNY 700,000,000 on December 3, 2021. The transaction will include participation from not more than 35 specific investors. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares to be issued in the transaction cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 12th Meeting of the company's 5th Directorate and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On February 28, 2022, the company announced that the Shenzhen Stock Exchange has reviewed and accepted the company's private placement application.