Shenzhen Selen Science & Technology Co., Ltd. announced a private placement of no more than 34,567,377 common shares for gross proceeds of up to CNY 828,571,400 on May 13, 2021. The pricing base date of this non-public issuance is the first day of the issuance period. The issue price shall not be lower than 80% of the average price of the company's stock trading on the 20 trading days before the pricing base date.

The transaction will involve no more than 35 specific targets, including domestic securities investment fund management companies, securities companies, trust investment companies, financial companies, insurance institutional investors, and qualified foreign institutional investors that comply with laws and regulations The transaction has been approved at the 29th meeting of the 5th board of directors of the company. The securities are subject to hold period of 6 months from the date of the end of issuance. The transaction is subject to approval of the China Securities Regulatory Commission.