Guangdong Delian Group Co., Ltd. announced a private placement of no more than 226,298,780 A shares of par value, CNY 1 per share for gross proceeds of CNY 1,000,000,000 on January 25, 2022. The transaction will include participation from not more than 35 special investors. The pricing base date is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period.

The transaction has been deliberated and approved at the 8th meeting of the 5th directorate of the company, and is subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. The shares are subject to lock-up period of 6 months.

This issuance will not lead to changes in the company's control.