Hebei Sinopack Electronic Technology Co.,Ltd. announced a private placement of common shares on January 27, 2022. The transaction will involve participation from no more than 35 specified investors. The number of shares to be issued shall not exceed 30% of the total share capital of the listed company, and the total amount of supporting funds raised shall not exceed 100% of the transaction price of the assets to be purchased by issuing shares in this transaction.

The base date for the pricing of the supporting funds raised this time is the first day of the issuance period of the non-public offering of shares. The non-public issuance of shares by a listed company shall not be lower than 80% of the average price of the company's shares in the 20 trading days before the pricing benchmark date. The hold period of the shares is six months from the issuance date.

The transaction has been approved in the fifteenth session of the company first directorate and is subject to approval by the competent state-owned assets supervision and management agency, the Ministry of Finance, the National Defense Science, Technology and Industry Administration, Shenzhen Stock Exchange, the China Securities Regulatory Commission and possible approvals or approvals required by relevant laws and regulations.