Chimin Health Management Co., Ltd. announced a private placement of not more than 72,000,000 A shares at an issue price of CNY 12.5 per share for gross proceeds of not more than CNY 900,000,000 on April 7, 2022. The transaction will include participation from not more than 35 investors. The issuance price will be not lower than 80% of the average price of the company's shares as of 20 trading days since issuance date.

The shares issues will have a hold period of 6 months from the date of closing. The transaction has been approved by the board of directors of the company at its 22nd meeting of the company at its 4th directorate and 17th meeting of the 4th supervisory board and is subject to shareholder and China Securities Regulatory Commission approvals.