Anhui Ronds Science & Technology Incorporated announced a private placement of common shares for gross proceeds of not more than CNY 300,000,000 on April 10, 2023. The transaction will include participation from not more than 35 investors. The securities shall not be transferred within six months from the date of the end of the issue.

In the case of the circumstances specified in paragraph 2 of Article 57 of this issue, the shares issued this time subscribed by the relevant issuers shall be 18 months from the date of the completion of this issue. The transaction has been approved at the sixth meeting of the third board of directors but needs to be approved at the 2022 annual general meeting of shareholders, Shanghai Stock Exchange and China Securities Regulatory Commission. The validity of the transaction is from the approval at the company's 2022 annual general meeting to the company's 2023 annual general meeting.