Ningbo Solartron Technology Co.,Ltd. announced a private placement to issue A shares for the gross proceeds of not more than CNY 300,000,000 on April 7, 2024. The issuance quantity is determined by dividing the total amount of funds raised by the issuance price, and shall not exceed 30% of the total share capital of the company before issuance. The transaction will include participation from not more than 35 investors.

All subscribers of this issuance of stocks shall subscribe in cash. The transaction has been approved in the first meeting of the 22nd meeting of the third session of the Board of Directors and still needs to be submitted to the company's shareholders' meeting for review and approval. The shares shall not be transferred within six months from the date of completion of issuance.