Zhejiang Viewshine Intelligent Meter Co.,Ltd announced a private placement for gross proceeds of CNY 450,000,000 on November 10, 2021. The issue price should not be less than 80% of the average price in the 20 trading days before the pricing reference date and share issuance should not more than 30% of total share capital. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 15th meeting of the company's 4th directorate, and is subject to the approvals of the company's shareholders and the China Securities Regulatory Commission.

On February 18, 2022, the company announced that it has received CSRC Administrative License Application Acceptance Form issued by China Securities Regulatory Commission under the Acceptance number: 220279.