On March 14, Ge Longhui Co., Ltd. (300074.SZ) announced plans to issue shares to specific targets. The number of shares issued to specific targets does not exceed 76,388,888 shares (including shares), and the maximum number of shares issued did not exceed 30% of the company's total share capital before issuance. The price of the shares issued is 2.88 yuan/share.

The target of this distribution is Zhihui Technology Investment (Shenzhen) Co., Ltd. The issuer subscribes for all shares issued to a specific target in cash. Zhihui Technology is the controlling shareholder, so the issuance of shares to a specific target constituted a related transaction.

The total amount of capital raised to issue shares to specific targets this time is no more than 220 million yuan. After deducting issuance fees, all of the funds raised will be used to supplement working capital and repay bank loans.