But'one Information Corporation,Xi'an announced a private placement to issue common shares at an issue price of no less than 80% of the average stock trading price of the Company in the 20 trading days prior to the pricing base date on May 30, 2023. The number of issued shares shall not exceed 30% of the total share capital of the listed company before this transaction; it shall be calculated based on the total amount of supporting funds raised this time and the issue price. The transaction will include participation from not more than 35 investors and is restricted to a hold period of 6 months.

The transaction has been approved at the 16th meeting of the 7th Board of Directors and it still needs to be approved by company;s general meeting of shareholders, by the internal authorities of Yuteng Group, Brilli Yongxin, and Juli Yongcheng, by the Shanghai Stock Exchange and from the China Securities Regulatory Commission.