Epoxy Base Electronic Material Corporation Limited announced a private placement of not more than 271,162,558 A shares for a gross proceeds of not more than CNY 1,500,000,000 on June 24, 2022. The transaction will include participation from not more than 35 investors including Grace Electron Corp. (Guangzhou) for not less than 10% of shares issued in the transaction. The transaction has been approved by the board of directors of the company in its 24th meeting of the fifth board of directors and the 14th meeting of the fifth board of supervisors and is still subject to the approval of shareholders in its general meeting, and the China Securities Regulatory Commission. The shares to be issued will have a hold period of 18 months from date of issuance to Grace Electron Corp. (Guangzhou) and hold period of 6 months from date of issuance for other investors.

On November 4, 2022, the company announced that the the China Securities Regulatory Commission has acceptance the application for the non-public issuance of A shares.