Jiangsu Bojun Industrial Technology Co., Ltd announced a private placement to issue common shares for the gross proceeds of CNY 300,000,000 on March 28, 2024. The issuance subscribers are no more than 35 investors. The transaction has been approved in the third meeting of the fifth board of directors.

The shares subscribed by the issuer shall not be transferred within 6 months from the date of the completion of the issuance. The shares subscribed by the issuer shall not be transferred within 6 months from the date of the completion of the issuance.