China Crystal New Material Holdings Co.,Ltd. announced a private placement of 24,060,413 shares at an issue price of KRW 1,450 per share for gross proceeds of KRW 34,887,598,850 on March 9, 2022. The transaction will include participation from Fu Zhonghua for 7,819,634 shares, Yu Junwei for 6,970,302 shares, HP Chemical Group Ltd. for 5,661,415 shares, and Hu Ying for 1,203,021 shares. The company is raising funding through third party allotment method.

All securities issued in the transaction have a hold period of one year. The payment date is April 8, 2022. The transaction has been approved by the board of directors.