MOX Group Limited announced that it will issue 25,000 subscription shares at the aggregate subscription price of CNY 25,000,000 on June 23, 2023. The transaction included participation from new investor Synertone Communication Corporation. The MOX subscription completion shall take place on the MOX subscription completion date pursuant to the MOX Subscription Agreement.

The subscription price shall be payable in full by the investor in cash upon the MOX subscription completion on or before the MOX subscription completion date. The transaction is expected to close on July 24, 2023. The company entered into the MOX Subscription Agreement with the Subscriber and the Guarantor.