Sanlux Co.,Ltd announced a private placement of not more than 218,877,852 A shares for gross proceeds of not more than CNY 900,000,000 on April 15, 2022. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

All securities issued in the transaction have a hold period of 6 months. The transaction has been approved in the 6th meeting of the company's 7th directorate and is subject to the approvals of the company's shareholders and the China Securities Regulatory Commission.