On January 26, 2024, Nanya New Material Technology Co.,Ltd closed the transaction. The company has now issued 6,190,000 shares at issue price of CNY 16.17 per share for gross proceeds of CNY 100,092,300. The transaction includes individual investor participation of Bao Xiuyin for 6,190,000 shares.

All the securities issued under the offering is subject to a lock-up period of 18 months from the date of completion of the issuance.