Hefei Taihe Optoelectronic Technology Co., Ltd. announced a private placement of not more than 46,036,980 shares for not more than CNY 350,580,000 on April 8, 2022. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date to not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 8th meeting of the company's 4th directorate, and is subject to the approvals of the company's shareholders and the China Securities Regulatory Commission.

On June 9, 2022, the company announced that it has received approval for acceptance of the application of shares by the China Securities Regulatory Commission.

On September 5, 2022, the company announced that the private placement application has been approved by the the China Securities Regulatory Commission.