Jiangsu Lettall Electronic Co.,Ltd announced a private placement of not more than 77,649,000 A shares for gross proceeds of not more than CNY 650,000,000 on December 20, 2023. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date.

The transaction is approved at the 10th meeting of the 3rd directorate and the 7th meeting of the 3rd supervisory board of the company. The transaction is subject to the approvals of the company?s shareholders and the approvals of the Shanghai Stock Exchange and the China Securities Regulatory Commission.