Acon Holding Inc. announced a private placement of 60,000,000 shares on May 12, 2022. The company will issue shares at a price higher of the average of the closing prices of the common shares, less the exrights and dividends of the gratis allotment, and the stock price after the capital reduction and ex-rights shall be added back, for one, three or five business days prior to the pricing date, or the average of the closing prices of the common shares, less the exrights and dividends of the gratis allotment, and adding back the stock price after capital reduction and ex-rights, for 30 business days prior to the pricing date, taking 80% of the higher of the two-basis calculation price. The actual pricing date and the actual private placement price shall be within the range of not less than the percentage resolved at the shareholders' meeting, and the Board of Directors is authorized to determine the price based on the above-mentioned pricing basis, depending on the circumstances and market conditions of specific parties to be appointed in the future.

The transaction is approved by the board of directors of the company. The common shares of this private placement shall be restricted and non-transferable for 3 years starting from the date of delivery.