QuakeSafe Technologies Co., Ltd. announced a private placement of not more than 10,000 common shares for gross proceeds of not more than CNY 250,000,000 on April 6, 2022. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

The shares cannot be transferred within 6 months from the issuance closing date.