Suzhou Jinfu Technology Co., Ltd. announced that it will issue not more than 328,234,623 shares for gross proceeds of not more than CNY 738,000,000 on December 13, 2021. The issue price will be not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The shares issued will be subject to restriction period of 6 months from closing. The transaction has been approved at the 15th meeting of company's 5th directorate and is subject to approval from Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.