Shenzhen Qingyi Photomask Limited announced a private placement to issue not more than 80,040,000 A shares for the gross proceeds of up to CNY 1,210 million on December 5, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved by the shareholder's of the company in the 15th Meeting of the Company?s 9th Directorate, and is subject to the approvals of the Company?s Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.