Guao Technology announced on December 14 that it plans to issue no more than 40 million A-shares to Xu Yinghui, raising no more than 432 million yuan in total capital. The net amount of capital raised after deducting issuance fees will be used to supplement working capital. As of the disclosure date of this plan, Xu Yinghui directly held 15.2989.25 million shares of the company, accounting for 4.50% of the company's total share capital.

Guao Technology announced on December 14 that it plans to issue no more than 40 million A-shares to Xu Yinghui, raising no more than 432 million yuan in total capital. The net amount of capital raised after deducting issuance fees will be used to supplement working capital. As of the disclosure date of this plan, Xu Yinghui directly held 15.2989.25 million shares of the company, accounting for 4.50% of the company's total share capital.