Beijing Qianjing Lanhai Technology Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 24.45 million on July 8, 2023. The transaction will include participation from returning investor Beijing Qianjing Landscape Co.,Ltd. The transaction has been approved at the 42nd meeting of the fourth board of directors of the company and does not need to be deliberated by the company's general meeting of shareholders. The registered capital of the company will increase from CNY 80 million to CNY 104.45 million.