Shenzhen Han's Lithium Battery Intelligent Equipment Co., Ltd. announced a placement of equity for gross proceeds of CNY 739,760,000 on October 31, 2022. The transaction will include participation from Shenzhen Zuli Juxian Consulting Partnership Enterprise (Limited Partnership), Shenzhen Zuneng Juxian Consulting Partnership Enterprise (Limited Partnership), Shenzhen Zuli Jucai Consulting Partnership Enterprise (Limited Partnership) and returning investor, Han's Laser Technology Industry Group Co., Ltd. The round is will be raised at a post-money valuation of CNY 1,764,760,000. The transaction has been approved at the 19th session of Han's Laser Technology Industry Group Co., Ltd.'s 7th directorate and the 13th session of the 7th supervisory board.

The expected date of payment is within 15 working days from the effective date of this agreement.