Shenzhen Jiang&Associates Creative Design Co., Ltd. announced that it will issue not more than 31,620,000 A shares for gross proceeds of no more than CNY 290,584,600 on September 29, 2020. The transaction will include participation from not more than 35 specific investors. The transaction is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting.

The shares subscribed shall not be listed for trading within six months from the end of the offering. The transaction has been approved by the board of directors in the 21st meeting of its 2nd directorate and still needs to be reviewed and approved by the company's shareholders meeting, Shenzhen Stock Exchange and by the China Securities Regulatory Commission.