Changsha DIALINE New Material Sci.&Tech. Co., Ltd. announced a private placement of common shares for gross proceeds of not more than CNY 150 million on August 17, 2023. The transaction will include participation from not more than 35 investors.

The shares shall not be transferred within six months from the date of completion of the issuance. The transaction has been approved at the eighth meeting of the fourth session of the board of directors of the company, and still needs to be approved by the company's board of directors, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.