Shanghai Aichuang Packaging Technology Co., Ltd. announced a private placement of common shares for an aggregate gross proceeds of CNY 120,000,000 on April 9, 2024. The transaction will include participation from returning investor Shanghai Ailu Package Co., Ltd. This has been approved in the 7th Meeting of the Company?s 4th Directorate and the 7th Meeting of the 4th Supervisory Board and does not need the Shareholders? Approval.

After the transaction, the registered capital will increase from CNY 300,000,000 to CNY 420,000,000.