Nanya New Material Technology Co.,Ltd announced a private placement of A shares for not more than 12,180,267 shares at an issue price of not more than CNY 16.42 per share for the gross proceeds of not more than CNY 199,999,986.92 on October 17, 2022. The transaction will include participation from an individual investor Bao Xiuyin currently holds 8,755,543 shares and holds 3.73% stake in the company. The transaction has been approved in the nineteenth meeting of the second directorate and eighth meeting of the second supervisory board of the company.

The shares are restricted to a holding period of 18 months from the closing date issuance. The transaction is subject to approval from the shareholders of the company, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.