[Tai Duan] Announcement of the Board of Directors' resolution to proceed with a private placement of common shares
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Tai Duan's Board of Directors resolved to proceed with a private placement of common shares. The issuance will be capped at 24,000 thousand shares and will be conducted in four tranches within one year from the date of the shareholders' meeting resolution. The funds will be used to enhance working capital, repay bank loans, reinvest in subsidiaries, and invest in new businesses.