uxi Boton Technology Co., Ltd. announced a private placement of not more than 123,756,900 A shares for gross proceeds of not more than CNY 600,000,000,000 on July 28, 2023. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

All securities issued in the transaction have a hold period of 6 months from the issuance closing date. The transaction has been approved at the 17th 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.