Talant Optronics (Suzhou) Co., Ltd. announced private placement and signed an agreement to issue not more than 9,000,000 A shares pre-plan at an issue price of CNY 16.34 per share for gross proceeds of not more than CNY 147,060,000 on March 16, 2023. The transaction will include participation from returning individual investor, Mei Tan which at present holds 20.55% stake in the company. The shares cannot be transferred within 36 months from the issuance closing date. The transaction has been approved at the 6th meeting of the company?s 3rd directorate. The transaction is still subject to approval of the shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On April 3, 2023, the company announced that the transaction has been approved by the 3rd Extraordinary General Meeting of Shareholders in 2023.

On May 29, 2023, the company announced the the Shenzhen Stock Exchange checked the relevant application documents submitted by the company for issuing stocks to specific targets, and decided to accept the application documents as they considered them complete.

On July 12, 2023, the company announced the the Shenzhen Stock Exchange checked the relevant application documents submitted by the company for issuing stocks to specific target and decided to accept the application documents.