Jiangsu Aipo Technology Co., Ltd. announced that it has signed an agreement to issue common shares for an aggregate gross proceeds of CNY 45 million on November 18, 2022. The transaction will include participation from new investor, Shanghai HYP-ARCH Architectural Design Consultant Co.,Ltd. for 40% stake. Out of the total CNY 45 million, CNY 6.666667 million will go to the registered capital and the rest CNY 38.333333 million will go to capital reverse.

The transaction has been approved at the seventh meeting of the third board of directors and the seventh meeting of the third board of supervisors.