Huizhou CEE Technology Inc. announced a private placement of common shares for the gross proceeds of CNY 300,000,000 on May 23, 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 shares to be issued shall have a hold period of 6 months from closing of the transaction. the transaction has been approved by the shareholders of the company in the 24th meeting of the fifth board of directors of the company.