RoboTechnik Intelligent Technology Co., LTD announced that it has entered into a security purchase agreement to issue not more than 30% of the listed company?s total share capital at a par value of CNY 1 per share for the gross proceeds of not more than CNY 450,000,000 on August 25, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved in the 8th meeting of the 3rd board of directors of the company and it still needs to be approved by the buyer company?s regular shareholders? meeting, the Shanghai Stock Exchange and China Securities Regulatory Commission and by other approvals that may be involved in accordance with the requirements of the law and regulations.