Dalian Demaishi Precision Technology Co., Ltd announced a private placement of A Shares for the gross proceeds of CNY 300 million in a round of funding on April 8, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The shares to be issued shall have a hold period of 18 months from the date of completion of the issue. The transaction has been approved by the board of the company in the the eighth meeting of the third board of directors. The transaction has been proposed to the general meeting of shareholders to authorize the board of directors to issue shares.

for the construction of related projects related to the main business and to replenish working capital.