Eaglerise Electric & Electronic (China) Co., Ltd announced a private placement of not more than 88,896,136 A shares for gross proceeds of not more than CNY 1,253,842,700 on June 6, 2022. The transaction will include participation from no more than 35 specific investors, including securities investment fund management companies, securities companies, trust investment companies, financial companies, insurance institutional investors, qualified foreign institutional investors and legal Regulations stipulate that other institutional investors, natural persons, etc. The pricing base date of the private placement is the first day of the issue period of the private placement.

The issue price of the stock is not less than 80% of the average price of the company's stock in the 20 trading days before the pricing reference date. The number of private placements offering of shares is calculated by dividing the total amount of funds raised by the offering by the issue price. The number of issued shares shall not exceed 30% of the company's total share capital before this issuance.

The shares subscribed by the issuer in this issue shall not be transferred within 6 months from the end of this issue. This private placement of shares does not constitute a major asset reorganization and will not lead to changes in the company's controlling shareholder and actual controller and will not result in the company's equity distribution not meeting the listing conditions. The transaction has been approved at the twenty-seventh meeting of the fifth session of the board of directors and are still subject to consideration and approval by the company's general meeting of shareholders and the approval of the China Securities Regulatory Commission.