3Peak Incorporated announced a private placement and signed the agreement of issuing A shares, with a par value of CNY 1 per share for the gross proceeds of not more than 30% of the total share capital of the listed company on June 9, 2023. The transaction will include participation from not more than 35 specific investors. The shares will be issued through the method of inquiry issuance.

The transaction has been approved at the 17th meeting of the third board of directors and the 16th meeting of the third board of supervisors, and approval from Shanghai Stock Exchange and registered by the China Securities Regulatory Commission are still pending. The shares are subject to a mandatory hold period of six months. The final number of issuance shall be the upper limit of the number approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission