IKD Co., Ltd. announced a private placement of not more than 264,979,078 A shares for gross proceeds of CNY 1,200,000,000 on April 27, 2023. The transaction will include participation from not more than 35 investors. The transaction has been approved at the 15th meeting of the third board of directors of the company, and by the Shanghai Stock Exchange.

The transaction still needs to be approved by the China Securities Regulatory Commission. The shares issued this time shall not be transferred within 6 months from the date of the end of this issuance.