Beijing Meiya Pico Network Security Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 20 million on January 10, 2022. The transaction will include participation from returning investor Xiamen Meiya Pico Information Co.,LTD. The transaction has been approved at the fifth meeting of the fifth board of directors of Xiamen Meiya Pico Information Co.,LTD. Post the closing, the registered capital will increase from CNY 10 million to CNY 30 million.