Changsha DIALINE New Material Sci.&Tech. Co., Ltd. announced a private placement of common shares at a price of not be lower than 80% of the company's stock trading average price in the 20 trading days prior to the pricing base date for the gross proceeds of not more than CNY 150 million on March 2, 2023. The transaction will include participation from not more than 25 investors.

The shares shall not be transferred within six months from the date of completion of the issuance. The transaction has been approved in the the second meeting of the fourth session of the board of directors.