Qingdao Hi-Tech Moulds Co.,Ltd announced a private placement of common shares at a price of CNY 5.5861 per share for gross proceeds of CNY 139,653,200 on August 22, 2022. The transaction will include participation from returning investor Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd. and will retain its 100% stake in the company. Pursuant to the transaction, the registered capital of the company will increase from CNY 100,000,000 to CNY 125,000,000.

The transaction has been approved by the second meeting of the second board of directors and the second meeting of the second board of supervisors of Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.