5i5j Holding Group Co., Ltd. announced a private placement of 228,013,029 A shares at a issue price of CNY 3.07 per share for gross proceeds of not more than CNY 700 million in a round of funding on March 22, 2021. The transaction included participation from returning investor Tibet Taihe Xianji Investment Management Co., Ltd. to increase its stake from 17.45% to 24.74% in the company. The issuance price is not less than 80% of the average trading price of the company’s stocks on the 20 trading days prior to the pricing base date. The securities issued are subjected to holding period of 18 months from the date of the end of the issuance. The transaction is subjected to approval of shareholders and China Securities Regulatory Commission. The transaction was approved by the board of directors in eighth meeting of the company's tenth board of directors. The shares issued shall not exceed 30% of the company before the non-public issuance of the total share capital, that is, no more than 706,650,255 shares. Post-closing of the transaction, the investor’s direct shareholding in the company will increase from 411,028,689 shares to 639,041,718 and it will remain controlling shareholder of the company.