Deyang Huazhi Precision Technology Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 199,990,563.40 on November 24, 2022. The transaction will include participation from Sichuan Huati Lighting Technology Co.,Ltd. The transaction has been approved in the 18th Meeting of the Company?s 4th Directorate and the 10th Meeting of the 4th Supervisory Board and does not need the Shareholders? Approval.

The registered capital of the company will increase from CNY 50,000,000 to CNY 150,000,000.