AMSKY Technology Co., Ltd entered into a share subscription agreement for issuance of 43,200,000 A shares at a price of CNY 8.50 per share for gross proceeds of CNY 367,200,000 on January 18, 2023. The transaction will include participation from new investor Shanghai Tanji Enterprise Development Co., Ltd. The shares to be subscribed shall not be transferred within 18 months from the date of completion of this issuance. The transaction has been approved at the eighth meeting of the fourth board of directors and the eighth meeting of the fourth board of supervisors of the company.

The transaction still needs to be approved by the company's general meeting of shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.