Wonders Information Co., Ltd announced private placement of not more than 355,506,400 A shares for gross proceeds of not more than CNY 3,000,000,000 on August 6, 2021. The transaction will include participation from not more than 35 specific investors. The company will issue not more than 30% of the total share capital prior to the transaction. Issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within six months from the issuance. The transaction has been reviewed and approved at the seventh extraordinary meeting of the company's seventh board of directors in 2021 and needs to be approved by the company's shareholders meeting. The transaction is subject to the approval by the Shenzhen Stock Exchange and China Securities Regulatory Commission.