Suzhou Create Group Finance Co., Ltd. announced a placement of common shares for gross proceeds of CNY 250,000,000 on August 18, 2023. The transasction will include participation from returning investors, Suzhou Chuangyuan Investment Development (Group) Co., Ltd. for CNY 200,000,000, Create Industrial Investment Development Co., Ltd for CNY 25,000,000 and Create Technology & Science Co.,Ltd. for CNY 25,000,000. The transaction has been approved the 5th meeting of the 10th board of directors of Suzhou Create Group Finance Co., Ltd. The transaction still needs to be considered and approved by the shareholders' meeting of the company and approved by the state-owned assets management department of Suzhou and the Suzhou Supervision Bureau of the China Banking and Insurance Regulatory Commission authorized by the Jiangsu Supervision Bureau of the China Banking and Insurance Regulatory Commission.

Through the transaction, the company's registered capital will increase from CNY 750,000,000 to CNY 1,000,000,000.