Zhejiang Southeast Green Building Integrated Technology Co., Ltd. announced a private placement of capital increases, gross proceeds for CNY 420,000,000 on July 19, 2023. The registered capital will increase from CNY 680,000,000 to CNY 1,100,000,000. The transaction included the participation from existing investor Zhejiang Southeast Space Frame Co., Ltd. The transaction has been approved in the 2nd Meeting of the Company?s 8th Directorate, and does not need the Shareholders?

Approval.