Ningbo Joyson Electronic Corp. announced a private placement to issue ordinary shares for gross proceeds of not more than CNY 300 million on March 30, 2023. The issue price shall not be lower than 80% of the company's average stock price in the 20 trading days before the pricing base date. The shares cannot not be transferred within 6 months from the date of completion of the issuance. The transaction will include participation from not more than 35 investors. The transaction has been approved at the 33rd meeting of the 10th board of directors.

On June 1, 2023, the company announced that the shareholders approved the proposal on extending the validity period of the resolution of the shareholders' general meeting of the company to issue A Shares to specific objects in 2022 in the second extraordinary general meeting of shareholders in 2023.