Lingda Group Co., Ltd. announced that it will issue not more than 79,649,998 A shares for gross proceeds of not more than CNY 1,400,000,000 on May 30, 2023. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

All securities issued in the transaction have a hold period of 6 months from the issuance closing date. The transaction has been approved in the 2nd Meeting of the company's 6th directorate, and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.