Shenzhen Annil R&D and Design Co., Ltd. announced a private placement for the gross proceeds of CNY 95,000,000 on July 18, 2022. The transaction will include participation from returning investor Annil Co.,Ltd, which will retain 100% stake in the company. The transaction has been approved in the 21st Meeting of the Company's 3rd Directorate and does not need the Shareholders' Approval.