Lucky Harvest Co., Ltd. announced a private placement that it will issue 26,000,000 common shares at a price of CNY 33.69 per share for the gross proceeds of CNY 875,940,000 on April 11, 2024. It is not transferable for a period of 6 months from the closing date of this offering. After deducting the relevant issuance expenses of CNY 12,852,796.20, the actual net amount of funds raised was CNY 863,087,203.80.

The transaction included participation from new investors such as Anhui State-controlled Cornerstone Mixed Reform and Upgrading Industry Fund Partnership (Limited Partnership) for 1,484,119 shares for CNY 49,999,969.11; Shandong Energy Group Capital Management Co., Ltd and Ningbo Meishan Bonded Port Area Fengtu Investment Management Co., Ltd. - Fengtu Fengtai No. 3 Private Equity Investment Fund each for 771,742 shares for CNY 25,999,987.98; Guangdong Hengkuo Investment Management Co., Ltd. for 7,417,631 shares for CNY 249,899,988.39; Guangzhou Chantou Private Securities Investment Fund Management Co., Ltd.- Guangzhou Industrial Investment Industry Upgrading No. 1 Private Securities Investment Fund for 1,484,119 shares for CNY 49,999,969.11; Zhangjiagang Jinmao Venture Capital Co., Ltd. for 890,471 shares for CNY 29,999,967.99; Guangzhou Industrial Control Emerging Industry Investment Fund Partnership (Limited Partnership) for 4,452,359 shares for CNY 149,999,974.71; China Asset Management Co.

Ltd. for 771,741 shares for CNY 25,999,954.29; Guotai Junan Securities Co., Ltd. for 1,662,214 shares for CNY 55,999,989.66; Caitong Fund Management Co., Ltd. for 1,742,346 shares for CNY 58,699,636.74 and Nuode Asset Management Co., Ltd.for 4,551,516 shares for CNY 153,340,574.04.