Changsha DIALINE New Material Sci.&Tech. Co., Ltd. announced that it will issue not exceeding 32,000,000 shares at an issue price of CNY 11.43 per share for a gross proceeds of not exceed CNY 365,760,000 on January 12, 2022. The transaction will include participation from Hunan Chengxiyi Technology Co., Ltd. The investor has signed a conditional subscription agreement with the company.

The transaction has been approved by the board of directors in its 19th meeting of its third board of directors and is subject to the approval of company's general meeting of shareholders, reviewed and approved by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration. The securities to be issued pursuant to the transaction are subject to the hold period of 36 months from the end of the issue.