Telling Telecommunication Holding Co.,Ltd announced a private placement to issue not more than 307,530,131 A shares for an aggregate gross proceeds of not more than CNY 2,500,000,000 on August 8, 2023. The transaction will also include participation from returning investor Shenzhen Investment Holdings Co., Ltd who will subscribe with not more than CNY 476,000,000. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors. The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved by the 10th Meeting of the company?s 9th directorate, the 20th meeting of the 9th directorate and the 13th meeting of the 9th Supervisory board. The transaction is still subject to the approval of the company?s shareholders, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.

On November 17, 2023, the company announced that it has received Notice on Acceptance of Application Documents with Acceptance [2023] No. 685 issued by the Shenzhen Stock Exchange, having reviewed and decided to accept the Company?s private placement application.