Zhongshan Etmade Automation Equipment Co., Ltd. announced a private placement of common shares for proceeds of CNY 30,236,000 on August 11, 2022. The transaction will include participation from returning investor Shenzhen Etmade Automatic Equipment Co., Ltd. to retain 100% stake. The transaction has been approved by the 21st meeting of the second board of directors and the 18th meeting of the company's second board of supervisors.

After the closing of the transaction, the registered capital of the company will increase from CNY 227,467,928 to CNY 257,703,928.