Guangdong Tloong Technology Group Co., Ltd. announced that it will issue not more than 30% of the company's total share capital before the issuance at a price of not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period for gross proceeds of CNY 300,000,000 on April 28, 2022. The transaction will include participation from not more than 35 special investors. The transaction has been approved at the thirty-seventh meeting of the fifth board of directors of the company.

The securities will be subject to a hold period of 6 months from the closing date and if the investor falls under the circumstances specified in Paragraph 2 of Article 57 of the Measures for the Administration of Securities Issuance and Registration of Companies Listed on the ChiNext Board (for Trial Implementation), the shares subscribed for by them shall not be transferred within 18 months from the closing date.