Visionox Technology Inc. announced a placement of common shares for gross proceeds of CNY 2,200,000,000 on December 30, 2022. The transaction will include participation from not ore than 35 investors. The transaction has been approved at the 27th session of the company's 6th directorate and the 23rd session of the company's 6th supervisory board.

The transaction still needs approval from company's shareholders', Shenzhen Stock Exchange and China Securities Regulatory Commission. The securities have a hold period of 6 months after issuance.