Unisplendour Corporation Limited announced private placement of not more than 715,019,968 A shares for gross proceeds of not more than CNY 12,000,000,000 on May 26, 2023. The transaction will include participation from not more than 35 investors. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The securities have a hold period of 6 months from the issuance closing date. The transaction has been approved in the 12th meeting of the company's eight directorate, and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On the same date, the company's shareholder has been approved the transaction in 28th Meeting of the 8th Directorate.