KEDE Numerical Control Co., Ltd. announced a private placement of not more than 27,953,327 A shares for the gross proceeds of not more than CNY 600,000,000 on February 3, 2023. The transaction will include participation from no more than 35 investors. The pricing base date of this issuance is the first day of the issuance period of the company's stock issuance this time, and the issue price shall not be lower than 80% of the average stock trading price in the 20 trading days prior to the pricing base date.

The number of shares issued this time does not exceed 30% of the company's total share capital before this issuance. The transaction has been reviewed and approved by the second meeting of the third board of directors, the second meeting of the third board of supervisors and still needs to be reviewed and approved by the company's general meeting of shareholders, reviewed and approved by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission. The shares issued this time shall not be transferred within 6 months from the date of the end of this issuance.