Sinoma Lithium Battery Separator Co., Ltd. announced that it has entered into a capital contribution agreement with returning investors, Sinoma Science & Technology Co.,Ltd. for CNY 1,500,000,000, Nanjing Fiberglass Research & Design Institute Co., Ltd. and new investors, Xinyuan Lithium for CNY 2,100,000,000, Sinopec Capital Co., Ltd. for CNY 1,500,000,000 and CNBM New Materials Fund Management Co., Ltd. for CNY 1,400,000,000 for the issuance of 1,470,026,166 common shares at a price of CNY 3.4013 per share for gross proceeds of CNY 5,000,000,000 on November 25, 2022. Upon completion of the capital Contribution, the registered capital of company will increase from CNY 2,265,031,000 to CNY 4,176,065,017. Sinoma Science & Technology Co.,Ltd. will hold approximately 48.39%, Sinopec Capital Co., Ltd. will hold 10.56%, CNBM New Materials Fund Management Co., Ltd. will hold 9.86% and Xinyuan Lithium will hold 14.78% respectively.