UniTTEC Co.,Ltd announced a private placement of not more than 167,626,578 A shares for proceeds of not more than CNY 1,246,000,000 on November 11, 2022. The shares cannot be transferred within 6 months from the issuance closing date. the transaction has been approved in the 17th Meeting of the company?s 8th Directorate, and is subject to the approvals of the company?s shareholders and the China Securities Regulatory Commission.

The transaction will include participation from not more than 35 investors.