Sanxiang Impression Co., Ltd. announced private placement of no more than 361,311,138 shares for the gross proceeds of not more than CNY 1,600,000,000 on December 20, 2022. The transaction will include participation from no more than 35 specific investors, including securities investment fund management companies, securities companies, asset management companies, trust and investment companies, finance companies, insurance institutional investors, qualified foreign institutions investors, other legal entity investors and natural persons that comply with laws and regulations. The final issuance mechanism of this offering of stocks will be issued in accordance with the current implementation rules and the regulations of the competent departments such as the China Securities Regulatory Commission after this issuance has obtained the approval document from the China Securities Regulatory Commission.

The issue price of this issuance shall not be lower than 80% of the average stock trading price of the company in the 20 trading days before the pricing base date. The transaction has been reviewed and approved at the at the eleventh (provisional) meeting of the eighth board of directors and still needs to be reviewed and approved by the company's general meeting of shareholders and approved by the China Securities Regulatory Commission. The shares subscribed shall not be transferred within 6 months from the date of completion of the transaction.