Rigol Technologies Co., Ltd. announced a private placement of not more than 10,000,000 A shares for gross proceeds of not more than CNY 290,000,000 on April 25, 2023. The transaction will include participation from not more than 35 investors. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date.

The transaction has been approved in the 2022 annual general shareholders and is subject to approvals from Shanghai Stock Exchange and the China Securities Regulatory Commission. The securities have a hold period of 6 months from the issuance closing date.