Brilliance Technology Co., Ltd. announced a private placement of not more than 89,000,000 A shares for the gross proceeds of not more than CNY 584,608,800 on December 1, 2023. The transaction will include participation from no more than 35 investors. The transaction has been approved in the 5th Meeting of the Company?s 11th Directorate, and is subject to the approvals of the Company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

The shares cannot be transferred within 6 months from the issuance closing date.