Xi'an Sihua Information Technology Co., Ltd. announced a placement of common shares for gross proceeds of CNY 20,000,000 on May 4, 2023. The transaction will include participation from returning investor, Sharetronic Data Technology Co., Ltd. increasing its stake from 21% to 25.850%. Out of CNY 20,000,000, CNY 2,046,700 will be included in the registered capital and 17,953,300 in the capital reserve of the company.

The transaction has been approved at the first meeting of the third board of directors, eleventh meeting of the third session of the board of directors, tenth session of third board of directors and at the tenth meeting of the third board of supervisors of Sharetronic Data Technology Co., Ltd. and does not need to be submitted to the general meeting of shareholders for consideration. The transaction is subject to approval from the tenth session of the company's third board of directors.