Shenzhen United Winners Laser Co., Ltd. announced a private placement transaction of not more than 89,760,000 Class A common shares to be issued for gross proceeds of not more CNY 990,000,000 on May 20, 2022. The transaction will include participation from not more than 35 designated investors. The pricing reference date will be the first day of issuance. Issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. The securities to be issued in the transaction will have a lock-up period of six months after issuance completion date. The transaction has been approved by the company's 8th Meeting of the Company's 4th Directorate, 6th Meeting of the 4th Supervisory Board and 3rd Extraordinary General Meeting of Shareholders in 2022 The transaction is subject to approval from the company's shareholders, the Shanghai Stock Exchange and China Securities Regulatory Commission.

The plan to issue shares to specific objects has been approved by The eighth meeting of the fourth board of directors of the company held on May 20, 2022, The second extraordinary general meeting of shareholders in 2022 held on June 6, 2022 and The tenth meeting of the fourth board of directors held on August 21, 2022.


On August 1, 2022, the company announced that the Shenzhen Stock Exchange has accepted the application documents for issuance of stocks (Acceptance [2022] No. 178) with respect to the transaction.