Wuxi DK Electronic Materials Co.,Ltd. announced a private placement of A shares for gross proceeds of not more than CNY 350 million in July 2021. The issue volume must not exceed 30% of the total capital prior to issuance and issue price will not be less than 80% of the average trading price during the 20 trading days prior to the pricing base date. The transaction will include participation from not more than 35 specific investors. All the securities issued in the transaction have a lock up period of 6 months. The transaction has been approved at the 2nd session of the company's 2nd directorate. The transaction still needs to be approved by the company's directorate, company's shareholders' meeting, Shenzhen Stock Exchange and CSRC.

On May 24, 2022, the company announced that Shenzhen Stock Exchange, having reviewed and decided to accept the Company's acquisition of assets through the issuance of shares and raising of supporting funds application.