Jilin OLED Material Tech Co., Ltd. announced a private placement to issue not more than 8,935,218 A Shares at an issue price of CNY 26.86 per Share for an aggregate gross proceeds of not more than CNY 240,000,000 on November 1, 2022. The transaction included participatiion from Xuan Jingquan and Xuan Lingyi. The shares to be issued shall have a hold period of 36 months from closing of the transaction.

The transaction has been approved by the 23rd Meeting of the Company's 4th Directorate and in the 18th Meeting of the 4th supervisory board.