Shenzhen Prince New Materials Co., Ltd. (SZSE:002735) announced a private placement of A shares on February 24, 2021. The transaction will involve participation from not more than 35 specific investors. The shares to be issued , have a par value of CNY 1 per share. The pricing base date of this non-public offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period, and the total amount of matching funds raised in this transaction does not exceed 100% of the transaction price. The number of shares to be issued with the matching funds raised in this time does not exceed 30% of the total share capital of the company before the transaction. The hold period for the shares to be issued is 6 months. The transaction has been approved by the 22nd meeting of the fourth board of directors of the company, and it is still subject to shareholders approval and China Securities Regulatory Commission.