Geron Co.,Ltd announced that it has entered into a share subscription agreement to issue A Shares at a price of CNY 10.38 per share for gross proceeds of CNY 327,874,600 on May 17, 2022. The transaction will include participation from Wuchan Zhongda (Zhejiang) Industrial Investment Co., Ltd. for 9,476,144 shares and CNY 98,362,400 and Wuchan Zhongda Yuantong Industrial Group Co., Ltd for 22,111,003 shares and CNY 229,512,200. All securities will be subject to a hold period of 36 months from the date of issuance.

The transaction has been approved at the 6th Meeting of 2022 of the 5th Directorate and the 2nd Meeting of 2022 of the 5th Supervisory Board and is subject to approval from the institutions performing funder's duties (state-owned assets supervision and administration agency or authorized state-funded enterprise), the Company's shareholders, and the China Securities Regulatory Commission.