Piotech Inc. announced a private placement of not more than 83,918,735 A shares for gross proceeds of not more than CNY 4,600,000,000 on September 12, 2025. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the18th meeting of the 2nd board of directors and the 17th meeting of the 2nd board of supervisors board of the company.
The transaction is subject to the approval of the company?s shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.
