Wuxi Acryl Technology Co., Ltd. announced a private placement of not more than 26,381,250 A shares for gross proceeds of not more than CNY 448,887,200 on May 31, 2021. The transaction will include participation from not more than 35 investors. The issuance price will be not lower than 80% of the average price of the company's shares as of 20 trading days before issuance date.

The shares to be issued will have a hold period of 6 month from date of issuance. The transaction has been approved by the 17th meetings of the 3rd directorate of the board of directors and 3rd supervisory committee of board of supervisors of the company. The transaction is subject to approval of shareholders of the company and the China Securities Regulatory Commission.