China Crystal New Material Holdings Co.,Ltd. announced a private placement to issue 9,281,379 shares at an issue price of KRW 1,450 per share for the gross proceeds of KRW 13,457,999,550 on March 28, 2024. The transaction will include participation from returning individual investor DAI ZHONGQIU. The transaction has been approved by the shareholders, restricted to a hold period and is expected to close on April 5, 2024.