Orbbec Inc. announced a private placement of not more than 120,000,300 A shares for the gross proceeds of up to CNY 1,504,647,100 on July 6, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved in in the 29th meeting of the company?s 1st Directorate, and is subject to the approvals of the Company?s Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.