NYOCOR Co., Ltd announced a private placement of not more than 460,906,950 A shares for gross proceeds of not more than CNY 3,994,321,000 on February 17, 2022. The issue price shall be not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35.

The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 21st Meeting of the Company's 10th Directorate and is subject to the approvals of the Company's Shareholders, the Authorized State-owned Assets Supervision and Administration Department and the China Securities Regulatory Commission.