Qingdao Mesnac Intelligent Equipment Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 232,033,400 on April 25, 2023. The transaction will include participation from new investor KENGIC Intelligent Technology Co., Ltd. The transaction has been approved in the 14th Meeting of the 1st Directorate and the 13th Meeting of the 1st Supervisory Board.