Shenzhen Dynanonic Co., Ltd announced a private placement of not more than 26,768,000 A shares for gross proceeds of not more than CNY 3,200,000,0000 on November 9, 2021. The transaction will include participation from to not more than 35 investors. The issue price will not less than 80% of the average price in the 20 trading days before the pricing reference date.

The shares cannot be transferred within 6 months from the issuance closing date. The transaction approved by the 20th meeting of the company's 3rd directorate and the 15th meeting of the 3rd supervisory board. The transaction is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.