Beijing SuperMap Software Co., Ltd. announced a private placement for issuance of not more than 25,000,000 A shares for the gross proceeds of not more than CNY 300,000,000 on November 21, 2023. The transaction will include participation from not more than 35 investors. The transaction has been approved at the 2nd meeting of the 6th directorate and the 2nd meeting of the 6th supervisory board of the company.

The transaction still needs to be approved by the company?s directorate, the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date.