Sunresin New Materials Co.,Ltd. announced a private placement to issue A shares for the gross proceeds of CNY 300,000,000 on April 18, 2024. The pricing base date for this issuance of stocks is the first day of the issuance period, and the issuance price is not less than 80% of the company?s average stock price in the 20 trading days before the pricing base date. The final issuance price and issuance quantity will be determined by the board of directors and the sponsor (lead underwriter) based on the authorization of the general meeting of shareholders based on the inquiry results.

Stocks issued to specific subscribers shall not be transferred within 6 months from the date of completion of issuance. The transaction has been approved in the 16th meeting of the fourth board of directors and is subject to company's 2023 annual shareholders' meeting for review.