Wuhan Tianyu Information Industry Co., Ltd. signed a subscription agreement to issues shares at the price of CNY 10.99 per share for gross proceeds of not more than CNY 1,350,000,000 on September 8, 2021. The transaction will include participation from Yan Chunyu, one of the actual controllers of the company. The number of shares issued is determined by dividing the total amount of funds raised by the issue price and does not exceed 30% of the company's total share capital before the issuance, that is, 129,016,800 shares. The shares subscribed shall not be transferred within 36 months from the end of the issuance. The transaction had been deliberated and approved at the 33rd meeting of the seventh board of directors of the company. The transaction is subject to be approval by company’s general meeting of shareholders, Shenzhen Stock Exchange, and approval by the China Securities Regulatory Commission for registration.