Guizhou Transportation Planning Survey&Design Academe Co.,Ltd. announced a private placement of A 94,141,244 shares at a price of CNY 11.07 per share for gross proceeds of CNY 1,042,143,571.08 on March 27, 2022. The transaction will include participation from Guiyang Industry Development Holding Group Co., Ltd. The company has signed share subscription agreement with the investor. The shares issued will be subject to restriction period of 36 months from issuance closing date.

The transaction has been approved at the 24th meeting of company's 4th directorate, and is subject to approval of Authorized State-owned Assets Supervision and Administration Agency, the Shareholders, and the China Securities Regulatory Commission, and the State Administration for Market Regulation's Anti-Monopoly Bureau Concentration Review.