BOZHON Precision Industry Technology Co.,Ltd announced a private placement of A shares for gross proceeds of no more than CNY 300 million and no more than 20% of the net assets at the end of the most recent year on April 19, 2023. The transaction will include participation from not more than 35 investors. The pricing reference date will be the first day of issuance.

Issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. The securities to be issued in the transaction will have a lock-up period of six months after issuance completion date. The transaction has been reviewed and approved in the 23rd meeting of the second session of the board of directors.

The transaction still needs to be submitted to the company's 2022 annual general meeting of shareholders for consideration.