Shanghai Sanyou Medical Co., Ltd announced a private placement of A shares on May 6, 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 11th session of the company?s 3rd directorate, 8th session of the company?s 3rd supervisory board. The transaction is subjected to approval from Shanghai Stock Exchange and CSRC, directorate. The shares subscribed in this raising of supporting funds must not be transferred within 6 months after issuance.