Today, it was announced that a direct offering of 13,157,896 common stocks at an offering price of $1.90 per share was completed for several institutions. The total proceeds of this offering amount to $25 million ("Offering"), before deducting fees and offering expenses. As a result, the total proceeds of the fundraising completed this week reached $60 million before deducting fees and offering expenses, based on the terms of the fundraising completed last week, the company has confirmed that there are no plans to conduct additional registered direct offerings of common stocks for at least the next 60 days.