Zhejiang HangKe Technology Incorporated Company announced a private placement of not more than 129,358,318 A shares for the gross proceeds of not more than CNY 2,272,924,000 on May 17, 2023. The issuance price of the shares shall not be lower than 80% of the average trading price of the company's shares in the 20 trading days prior to the pricing base date. The transaction will include participation from not more than 35 investors. All securities issued in the transaction have a hold period of 6 months from the issuance closing date. The transaction has been approved at the fifteenth meeting of the third board of directors, and the issuer's general meeting of shareholders and approval by the China Securities Regulatory Commission and Shanghai Stock Exchange are still required. The shares will be issued through competitive bidding method.

On the same date, the company held the fifteenth meeting of the third board of directors and the thirteenth meeting of the third board of supervisors.

On June 8, 2023, the company announced that the proposal on the company's 2023 issuance to specific investors preliminary plan has been approved by the 1st special shareholders' meeting for 2023.