Surfilter Network Technology Co., Ltd. announced a private placement of no more than 202,089,045 A shares for gross proceeds of not exceeding CNY 390,000,000 on May 27, 2021. The transaction will include no more than 35 investors. The pricing base date for the issuance of shares to specific objects is the first day of the issuance period.

The issue price of the shares issued to specific objects this time shall not be lower than 80% of the average trading price of the company's shares in the 20 trading days before the pricing benchmark date. The number of shares issued to specific objects this time does not exceed 30% of the total share capital before the issuance, that is, no more than 202,089,045 shares. The shares subscribed shall not be transferred within 6 months from the end of the issue.

The transaction has been approved by the board of directors at its 21st meeting of the 4th Board of Directors and the 15th meeting of the 4th Board of Supervisors and is subject to shareholders resolution, Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration.