Guangdong Hongtu Technology (holdings) Co.,Ltd. announced a private placement of not more than 158,663,659 A Shares with a par value of CNY 1 each for gross proceeds of not more than CNY 2,200 million on November 11, 2022. The transaction included participation from not more than 35 special investors, including returning investor Guangdong Yueke Capital Investment Co., Ltd. As part of transaction, the company has signed a conditional share subscription agreement with Guangdong Yueke Capital Investment Co., Ltd. The number of shares to be subscribed by Guangdong Yueke Capital Investment Co., Ltd shall not be higher than 29.44% of the actual number of A shares issued in this transaction, and the cumulative shareholding ratio of Guangdong Yueke Capital Investment Co., Ltd. and its concerted actors shall not be less than 26% after the completion of this transaction. The pricing base date is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The transaction has been approved at the eighth meeting of the eighth board of directors of the company, and still need to obtain the consent of the subject performing the duties of state-owned assets supervision and management, and need to be submitted to the company's general meeting of shareholders for deliberation and approval, and approval by the China Securities Regulatory Commission. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. The securities to be issued in the transaction will be subject to hold period for Guangdong Yueke Capital Investment Co., Ltd for 18 months, and for the rest of investors is 6 months.

On November 23, 2022, the transaction has been approved Technology Financial Group.