Ningbo Bohui Chemical Technology Co.,Ltd announced a private placement of common shares on April 14, 2023. The shares will be issued at a par value of CNY 1.00 per share. The transaction has been approved at the fourth meeting of the fourth board of directors and is subject to approval from the general meeting of shareholders.

The issuance resolution is valid from the date of passing the 2022 annual general meeting of shareholders to the date of the 2023 annual general meeting of shareholders. The shares issued will have a hold period of six months from the date of completion of the issuance.