Bomin Electronics Co., Ltd. announced a private placement of not more than 153,303,629 A shares for gross proceeds of not more than CNY 1,500,000,000 on May 11, 2022. The transaction will include participation from not more than 35 specific investors including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutions, qualified foreign institutional investors, and other legal persons, natural persons or other qualified investors. The pricing base date of this issuance is the first day of the issuance period, and the issuance price shall not be lower than 80% of the average stock trading price 20 trading days.

The number of shares issue in the transaction shall not exceed 30% of the total share capital of the company before this issuance. The validity period of the resolutions on this issuance is 12 months from the date when the resolutions related to this issuance are considered and approved at the general meeting of shareholders. All securities to be issued in the transaction will be subject to a lock up period of 6 months from the issuance date.

The transaction has been approved at the twentieth meeting of the fourth board of directors of the company and is subject to approval in the company's general meeting of shareholders and China Securities Regulatory Commission.