ST Zhiyun: Proposes Private Placement to Raise No More Than 250 Million Yuan

ST Zhiyun announces that in 2026, it plans to issue no more than 37,936,300 shares to specific investors to raise up to 250 million yuan. The net proceeds after deducting related issuance costs will be fully used to supplement working capital. The number of shares issued will not exceed 37,936,300, with an issuance price of 6.59 yuan per share, not less than 80% of the average trading price of the company’s stock over the 20 trading days prior to the pricing benchmark date. The targeted issuer for this issuance is Huida Funneng, the company’s controlling shareholder, with subscription funds paid in cash in RMB. This issuance is subject to approval by the company’s shareholders’ meeting, review and approval by the Shenzhen Stock Exchange, and registration approval by the China Securities Regulatory Commission before implementation.