Yunnan Jinggu Forestry Co.,Ltd announced a private placement of not more than 22,556,390 A shares at a price of CNY 13.30 per share for the gross proceeds of CNY 300,000,000 on April 26, 2024. The shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved in 2nd Extraordinary Meeting of 2024 of the 8th Directorate and the 2nd Extraordinary Meeting of 2024 of the 8th Supervisory Board and is subject to the approval of the Company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.