Long-term technology: full exercise of the first public oversale option

ON 26 AUGUST, CHANGSUNG TECHNOLOGY (688825.SH) ANNOUNCED THAT THE COMPANY ' S FIRST PUBLIC DISTRIBUTION OF SHARES AND OVER-SALE OPTION HAD BEEN FULLY EXERCISED, CORRESPONDING TO A NEW DISTRIBUTION OF 1,003 MILLION SHARES AND AN INCREASE IN THE TOTAL EQUITY TO 67,884 MILLION SHARES. AS THE SHARE PRICE DURING THE PERIOD OF EXECUTION WAS HIGHER THAN THE ISSUE PRICE OF $8.66/EQUITY, CHINA GOLD, AS THE AUTHORIZED CO-SELLER FOR THE CURRENT ISSUE, DID NOT TAKE ADVANTAGE OF THE FUNDS OBTAINED FROM THE OVER-SALE OF THE CURRENT ISSUE TO PURCHASE FROM THE SECONDARY MARKET ON A COMPETITIVE BASIS。