Chang Lan Technology Group Co., Ltd. announced a private placement of common shares at a price of CNY 225,600,000 on April 26, 2024. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The transaction has been approved by the shareholders of the company in the fourth meeting of the fifth board of directors. The transaction is subjected to approval from the company?s board of directors, the Shenzhen Stock Exchange, China Securities Regulatory Commission.