GUILIN FUDA Co., Ltd. announced a private placement to issue A Shares at an issue price shall not be lower than 80% of the average trading price of the company's shares over the 20 trading days preceding the pricing benchmark date for the gross proceeds of CNY 300,000,000 on April 18, 2024. The transaction will include participation from no more than 35 individuals, inclusive of the 35th investor. The transaction has been approved in 10th meeting of the sixth term of the Board of Supervisors.

The shares subscribed by the specific investors shall not be transferable within 6 months from the completion date of the issuance. The validity period of the resolution for this issuance is from the date of approval by the 2023 annual shareholders' meeting until the date of the company's 2024 annual shareholders' meeting. The issuance will be conducted through a simplified procedure for issuing shares to specific investors.

Payment for the issuance will be completed within ten working days after receiving the registration decision from the China Securities Regulatory Commission.