Shenzhen Prolto Supply Chain Management Co.,Ltd announced a private placement of not more than 111,995,416 A shares pre-plan at an issue price for gross proceeds of not more than CNY 1,000,000,000 on March 23, 2023. The transaction will include participation from not more than 35 investors. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date.

The shares to be issued cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 9th meeting of the company's 5th directorate. The transaction is still subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.