Beijing Jetsen Technology Co., Ltd. announced that will issue not more than 707,070,707 A shares at a price of CNY 3.96 per Share for the gross proceeds of CNY 2,800 million in a round of funding on September 22, 2021.The transaction will include participation from new investor Beijing Fuxiang Future Technology Center. The securities issued cannot be transferred within 36 months from the issuance closing date. The transaction has been approved at the 39th Meeting of the Company's 4th Directorate and the 18th Meeting of the 4th Supervisory Board and is subject to approval of the Company's Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.