Lier Chemical Co.,LTD. announced a private placement of not more than 151,442,817 A Shares for gross proceeds of not more than CNY 2,088,000,000 on April 27, 2023. The transaction will include participation from no more than 35 investors, with each investor can subscribe to not more than 15% of the issuance. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date.

The transaction has been approved in the 8th meeting of the company?s 6th directorate and is subject to the approvals of the company?s shareholders, state-owned assets management department, Shenzhen Stock Exchange, and China Securities Regulatory Commission. The share to be issued cannot be transferred within 6 months from the issuance closing date.