Jiujiang Tianqi Fluorosilicone New Material Technology Co., Ltd. announced a private placement of convertible corporate bods for gross proceeds of not more than CNY 336,244,900 on November 1, 2022. The transaction will include participation from returning investor, Guangzhou Tinci Materials Technology Co., Ltd. which will retain its 100% take in the company. The increase in registered capital of the company was CNY 7,000,000 which means that after the completion of the capital increase, the registered capital will increase from CNY 20,000,000 to CNY 27,000,000.

The transaction has been approved by the board of directors in its 42nd meeting of the 5th board of directors and the 34th meeting of the 5th board of supervisors.