Jiangsu Nata Opto-electronic Material Co., Ltd. announced a private placement to issue A shares on July 11, 2023. The transaction will include participation from not more than 35 investors. The shares to be issued shall have a hold period of 6 months from closing of the transaction.

The transaction has been approved by the twenty-second meeting of the eighth board of directors. The transaction is still subject to approval from Shenzhen Stock Exchange and the China Securities Regulatory Commission. The resolutions related to the raising of supporting funds are valid within 12 months from the date of deliberation and approval by the general meeting of shareholders.