Jiangxi Shenghua New Materials Co., Ltd. announced a private placement of common shares on January 10, 2021. The company has signed an agreement with the investors. The transaction will involve participation from Mianyang Fulin Precision Machining Co., Ltd. (SZSE:300432) for CNY 272,000,000, Contemporary Amperex Technology Co., Limited (SZSE:300750) for CNY 20,000,000 and has the right to invest or designate a third party to invest another CNY 44,000,000, Changjiang Chendao (Hubei) New Energy Industrial Investment Partnership Enterprise (Limited Partners) for CNY 164,000,000.