Guangdong Tianan Polymer Technology Co., Ltd. announced a private placement to issue common shares for gross proceeds of CNY 140,000,000 on June 30, 2023. The transaction will include participation from returning investor, Guangdong Tianan New Material Co., Ltd. The transaction has been approved by the seventh meeting of Guangdong Tianan New Material Co., Ltd's fourth directorate and does not need the shareholders? approval.

The company's registered capital will increase from CNY 60,000,000 to CNY 200,000,000.