Hangzhou Landscape Architecture Design Institute Co., Ltd. announced a private placement of A shares for gross proceeds of no more than CNY 300 million on April 27, 2022. The issue price is not lower than 80% of the average stock trading price in the 20 trading days prior to the pricing benchmark date. The transaction will include participation from no more than 35 investors.

The transaction has been approved in the thirteenth meeting of the fourth session of the Board of Directors. All securities issued in the transaction have a hold period of 6 months.