REDI Systems Engineering Inc. announced a private placement of common shares for the gross proceeds of CNY 61,730,000 on June 19, 2023. The transaction will include participation from returning investors Aero Engine Fund Management Co., Ltd., Tellhow Sci-Tech Co., Ltd. and Yulin Coal Conversion Fund Investment Management Co., Ltd. and new investors Chongqing Taihefeng Private Equity Investment Fund Partnership (Limited Partnership), Community City Taichuang Tianyue Investment Partnership (Limited Partnership) and Zhongbing Guotiao (Xiamen) Equity Investment Fund Partnership (Limited Partnership and its designated entities. The transaction has been approved in the 15th meeting of the 8th board of directors and does not need to be submitted to the company's general meeting of shareholders for approval.