Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd announced that it it will issue not more than 80,000,000 A shares at a price of not less than 80% of the average price in the 20 trading days before for gross proceeds of not more than CNY 2,700,000,000 on July 20, 2022. The transaction will include participation from not more than 35 investors. The securities issued in the transaction will be subject to a hold period of six months from the date of closing.

The transaction has been approved at the 25th Meeting of the company's 5th Directorate and the 17th Meeting of the 5th Supervisory board and is subject to the approvals of the company's Shareholders and the China Securities Regulatory Commission.