GCH Technology Co., Ltd. announced a private placement of 3,053,745 common shares at an issue price of CNY 49.12 for gross proceeds of up to CNY 149,999,954.40 on January 8, 2023. The securities are restricted to a hold period of 6 months. The final number of shares issued is subject to the number registered by the China Securities Regulatory Commission.

The transaction has been approved in the the 18th session of the company’s 2nd directorate.