Dongguan Roadrover Intelligent Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 60,000,000 on April 28, 2021. Post-closing of the transaction, the registered capital of the company will increase from CNY 40,000,000 to CNY 100,000,000. The transaction included participation from returning investor ShenZhen RoadRover Technology Co.,Ltd . The transaction has been approved in the third board of directors in 2021 and the 22nd meeting of the third board of supervisors. The transaction is expected to close before December 31, 2021.