Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced a private placement to issue A shares for the gross proceeds of CNY 300,000,000 on April 8, 2024. The pricing base date for issuing stocks is the first day of the issuance period, and the issuance price is not less than 80% of the company?s average stock price in the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 investors.

Stocks issued to specific subscribers shall not be transferred within six months from the date of completion of issuance. The transaction has been approved in the 10th meeting of the fourth session of the Board of Directors and still needs to be submitted to the shareholders' meeting for review. The authorization period is from the date of approval of the 2023 annual shareholders' meeting to the date of the next annual shareholders' meeting.