Sharetronic Data Technology Co., Ltd. announced a private placement of not more than 61,967,334 A shares at a price of CNY 11.793230 per A share for total gross proceeds of not more than CNY 730,795,000 on May 5, 2022. The transaction will include participation from not more than 35 specific investors including securities investment fund management companies, securities companies, and trust companies, financial companies, insurance institutional investors, qualified foreign institutional investors, and other legal persons, natural persons or other qualified investors and qualified foreign institutional investors. The number of A shares to be issued under the issuance shall not exceed 30% of the total share capital of the company prior to the issuance and a single subscription object and its related parties and persons acting in concert have already held shares of the issuer before this issuance, their total shareholding after this issuance shall not exceed 20,655,778 shares.

The pricing benchmark date of the issuance shall be the first day of the issue period of the issuance, and the issue price shall not be lower than 80% of the average trading price of the company's A shares for the 20 trading days immediately preceding the pricing benchmark date. The transaction has been approved by the company twenty-eighth meeting of the second board of directors. The transaction is subject to approval by company's shareholders, Shenzhen Stock Exchange, Shenzhen Securities Trading Co., Ltd. and the China Securities Regulatory Commission.

The shares being issued are subject to lock-up restrictions for 6 months.