Goldlok Holdings(Guangdong) Co.,Ltd. announced that it has signed an agreement to issue not more than 284,160,000 A shares pre-plan at an issue price of CNY 1.88 per share for an aggregate gross proceeds of not more than CNY 534,220,800 on November 21, 2022. The transaction will include participation from Huatong Group Co., Ltd. The shares to be issued shall have a hold period of 36 months from the issuance closing date. The transaction has been approved at the 11th meeting of the company?s 7th directorate, and the 8th meeting of the 7th supervisory board.

The transaction is still subject to approval of the company?s shareholders, and the China Securities Regulatory Commission, and the State Administration for Market Regulation.