Wondershare Technology Group Co., Ltd. announced a private placement to issue not more than 38,971,898 A shares at CNY 28.2461146 per share for gross proceeds of not more than CNY 1,100,804,700 on June 19, 2023. The transaction included the participation from not more than 35. The issue price will not less than 80% of the average price in the 20 trading days before the pricing reference date of the transaction. The shares cannot be transferred within 6 from the issuance closing date. The transaction has been approved by 10th Meeting of the Company’s 4th Directorate, and the company subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On June 19, 2023, the Company held the 10th Meeting of the 4th Directorate and the 9th Meeting of the 4th Supervisory Board, and approved the 2023 private placement of A shares.