Shenzhen Yan Tian Port Holdings Co.,Ltd. announced a private placement of A shares for an aggregate gross proceeds of not more than 100% of the transaction price of the assets purchased by issuing shares on September 30, 2022. The company shall issue shares at a price not less than 80% of the average stock trading price of the listed company 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 the date of listing. The transaction has been approved at the approved at the extraordinary meeting of 8th board of directors. The transaction is still subject to approval from by the general meeting of shareholders of the listed company and the China Securities Regulatory Commission.