Broadex Technologies Co., Ltd. announced a private placement that it will issue A shares par value of CNY 1 per share for the gross proceeds of CNY 300,000,000 on March 21, 2024. The transaction shall include participation from not more than 35 investors. The issue price shall not be less than 80% of the average price of the company's stock trading in the 20 trading days before the pricing benchmark date.

The shares issued in the offering shall not be transferred within six months from the date of completion of the issuance. The transaction has been approved in the third meeting of the sixth board of directors.