Toyou Feiji Electronics Co., Ltd. announced a private placement of A shares for gross proceeds of not more than CNY 300,000,000 on April 26, 2022. The par value of share is CNY 1 each. The pricing base date of this transaction is the first day of the issue period, and the issue price is not less than 80% of the average price of stocks 20 trading days before the first day of the issue period.

The maximum number of issued shares does not exceed 30% of total share capital before the issuance. The transaction will include participation from not more than 35 special investors. The lock-up period is 6 months.

The shares subscribed shall not be transferred within 18 months from the end of the issue. The board of directors of the company to submit the authorization to the general meeting of shareholders and the authorization period is from the date of approval at the 2021 annual general meeting until the date of the 2022 annual general meeting. The transaction has been approved by twenty-sixth meeting of the fourth board of directors and the twenty-third meeting of the fourth board of supervisors.