Hanma Technology Group Co.,Ltd. announced a private placement of common shares on May 16, 2023. The transaction will included participation from not more than 35 investors. The issue price for this transaction will not be less than 80% of the average trading price during the 20 trading days prior to the pricing base date.

The transaction was approved by the 26th session of the company's 8th directorate The securities offered in the transaction will have a hold period of 6 months from the closing date of the transaction. The transaction is subject to receive approval from Shanghai Stock Exchange and China Securities Regulatory Commission.