Shenzhen Minkave Technology Co., Ltd. announced a private placement of common shares on December 28, 2020. The transaction will include participation from no more than 35 specific investors. the total amount shall not exceed 100% of the transaction price of the proposed shares to purchase assets, and the number of shares to be issued by the raised supporting funds shall not exceed 30% of the total equity of the company before the purchase. 33rd meeting of the third directorate.