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 for the gross proceeds of not more than CNY 188,595,000 on July 28, 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 is subject to the general meeting of shareholders, Shanghai Stock Exchange and registration by the China Securities Regulatory Commission.