Hydsoft Technology Co.,Ltd. announced that it has entered into Subscription agreement with returning investor Yu Hao and a private placement to issue no more than 30,000,000 A shares at an issue price of CNY 14.39 per share for the gross proceeds not exceeding CNY 431,700,000 on March 7, 2024. The transaction has been reviewed and approved at the 26th meeting of the company's third Directorate, 2nd Meeting of 2024 of the Company?s 5th Directorate, and the 1st Meeting of 2024 of the 5th Supervisory Board and is subject to the approvals of the Company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. It can only be implemented after it has been agreed to register.

After this issuance is reviewed and approved by the Shenzhen Stock Exchange and approved for registration by the China Securities Regulatory Commission, the investor shall make one payment according to the specific payment period stipulated in the payment notice issued by company and the sponsor. The subscription funds will be transferred to the sponsor institution (lead underwriter) specially established for this issuance. The shares subscribed by the objects of this issuance shall not be transferred within 36 months from the date of completion of the issuance.

At present, Zhang Jianjun holds 32,898,092 shares, 18.92% stake, and will increase his holdings to not more than 60,261,276 shares, 29.94% stake.