Nations Technologies Inc. announced that it has entered into a share subscription agreement with returning investor, Sun Yingtong for private placement of minimum of 69,390,903 A shares and maximum of 92,521,202 A shares at a price of CNY 12.97 per A share for minimum gross proceeds of CNY 900,000,000 and maximum gross proceeds of CNY 1,199,999,990 on July 19, 2021. Post the closing, the investor stake will increase to 16.75%. The shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved at the 5th meeting of the company's 5th directorate and the 2nd meeting of the 5th supervisory board, and is subject to its shareholders, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.