Aesthetic Medical International Holdings Group Limited announced that it has entered into a definitive share subscription agreement with Lafang China Co.,Ltd for a private placement to issue 5,329,410 ordinary shares at a price of per share for gross proceeds of CNY 98.9 million on May 16, 2021. The private placement is subject to customary closing conditions and is expected to close within four months from the execution of the agreement. Upon the completion of this offering, the total issued shares of the company shall be increased from 70,793,671 shares to 76,123,081 shares, and Lafang China Co.,Ltd shall hold approximately 7.00% of the share ratio of company.

The securities issued are subject to an investor lock-up period of 90 days after the closing date.