BeiJing Seeyon Internet Software Corp. announced a private placement of common shares for gross proceeds of not more than CNY 300 million on April 12, 2023. The transaction has been approved at the third meeting of the third board of directors.

The transaction will include participation from not more than 35 investors. The issue price of the share shall not be lower than 80% of the average trading price of the company's stock in the 20 trading days prior to the pricing base date. The shares subscribed shall not be transferred within 18 months from the date of completion of the issuance.