Suzhou Cheersson Precision Metal Forming Co., Ltd. announced a private placement to issue A shares for the gross proceeds of CNY 680,000,000 on May 20, 2024. 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 transaction will include participation from no more than 35 investors.

The shares to be issued shall have a hold period of 6 months from closing of the transaction.