Shenzhen Pacific Union Precision Manufacturing Co., Ltd. announced that it will issue 300,000,000 series A ordinary shares at a price of CNY 1 per share for gross proceeds of CNY 300,000,000 on April 20, 2023. The stocks subscribed by the issuer shall not be transferred within six months from the date of completion of the issuance. The transaction has been approved by shareholders and board of directors of the company.