Looking Technology Corporation announced that it has provided a registered direct supply of $ 32.8 million

Beijing, September 20, 2021 (PRNewswire) – Lukang Technology Corporation (NASDAQ: LKCO) announced today that it has entered into a security procurement agreement with a number of institutional investors for registered direct supply. $ 32.8 Millions of ordinary shares in value $ 1.20 In one share. The company produces a total 27,333,300 Ordinary shares for institutional investors. As part of the transaction, the company provides investors’ orders (“guarantees”) up to the purchase. 13,666,650 Ordinary shares on the cost of fitness $ 1.60 In one case, which orders had a three-year period from the date of issue.

The net income from this supply is used for work capital and for general corporate purposes. Supply is expected to close or close September 22, 2021, According to the usual closing conditions.

FT Global Capital, Inc. He served as the sole placement agent for the transaction.

These warranties are provided by Prespeck Supplement in accordance with the Company’s effective shelf registration statement and its underlying forecast. The Securities and Exchange Commission (SEC file number 333-233108) has been presented to the Securities and Exchange Commission (SEC) in connection with these guarantees. August 16, 2019. The Preusus Supplement and the accompanying Prospect shall be submitted to the SEC for a review of the terms and conditions of the registered direct supply.

This press release does not apply to the offer of sale or demand for sale, and these warranties may not be sold in any supply where the offer, claim or sale is illegal under registration or qualification under the law. Any such situation. Any discounts will only be made on Pepsipes, including Pepsipe Supplements, based on the Practical Registration Statement.

For more details on this transaction, please see Form 6-K with the SEC.

About Lukung Technology Corporation

Lukung Technology Corporation is a leading space-tempo smart information service company, as well as a leading provider of LBS and HD maps for a variety of industries. China. In HD maps and related smart space-time big data, with its proprietary technologies and expertise, Luking has established holographic urban-level and industrial-level holographic space-temporary digital twin systems and is actively used in industries including autonomy, vehicle-road collaboration (V2X). , Modern transportation, modern travel, local business LBS, new infrastructure, modern cities and modern industries (emergency, natural resources, environmental protection, water conservation, energy, smart training, etc.). The company regularly provides the necessary updates on its website – www.luokung.com/en.

A cautious statement regarding future statements

This press release contains some forward-looking statements. Statements for the future include statements about the future and our administration’s hopes, aspirations, beliefs, goals or strategies, and statements that are outside the scope of historical facts, but are not limited. In addition, any statements indicating predictions, predictions or other characteristics of any future event or situation, including any basic assumptions, are forward-looking statements. “Guess”, “believe”, “continue”, “can”, “guess”, “expect”, “think”, “may”, “may”, “plan”, “possible”, “potential”, “ “Must”, “may” and similar expressions may identify future statements, but the absence of these words does not mean that the statement does not look forward.

Future statements in this press release are based on a variety of assumptions, many of which are based on additional assumptions, including unrestricted, administrative investigation and existing law, regulations and regulations and other information from third parties. Although we believe that these assumptions were reasonable at the time they were made, they are inherently difficult to predict and subject to significant instability and emergencies beyond our control, we cannot guarantee the accuracy of this statement. As a result, you are warned not to rely on any future statements.


The organization:

Mr. Jay U.

Chief Accountant

Phone: + 86-10-5327-4727

Email: ir@luokung.com

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SOURCE Luokung Technology Corp.

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