Pentium Laser Completes Approximately 170 Million Yuan Financing

("Pentium Laser" or the "Company") recently completed a financing of approximately RMB 170 million from a number of well-known professional investment institutions, including CITIC Securities Investment Co. Jintancheng acted as special legal advisor to the Company for this transaction.

Pentium Laser is a holding subsidiary of EL.EN. S.P.A., an old Italian listed company of laser equipment, and an advanced enterprise of high power laser cutting and welding equipment in China. The company is headquartered in Wenzhou, Zhejiang Province, and has manufacturing bases in Florence, Italy, Wuhan, Hubei Province and Linyi, Shandong Province, and a sales subsidiary in Brazil. Pentium Laser's wholly owned subsidiary, CUTLITE PENTA S.R.L., is an advanced laser cutting equipment company in Europe.

According to Pentium Laser's official website, in order to quickly enter the new energy battery laser cutting track and expand new growth points in the future, Pentium Laser achieved control of Shenzhen Jinpaifang Laser Technology Co. If the above transaction is completed, Pentium Laser will hold 60% of the shares of Jinpaifang. According to the profit forecast, the company can achieve a net profit of about 30 million RMB in the next three years.

At the same time, Pentium Laser has completed two rounds of financing before the listing declaration, raising a total of 170 million yuan, the investment institutions were CITIC Securities Investment Company Limited, Wenzhou Junquan Xinyuan Investment Partnership (limited partnership), Hangzhou Fuzhe Daozheng Equity Investment Partnership (limited partnership), Zhejiang Deep Reform Industry Development Partnership (limited partnership) and the three shareholders of the acquired company Jin Pal Fang Qin Xiaoming, Luo Yusen and Huang Tao. Luo Yusen and Huang Tao, corresponding to a total shareholding of 12.44%.