Wuxi DK Electronic Materials Co.,Ltd. announced a private placement to issue not more than 6,200,000 A shares for an aggregate gross proceeds of not more than CNY 186,000,000 on November 1, 2022. The company will issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved in the company's 17th Meeting of the 2nd Directorate and the 17th Meeting of the 2nd Supervisory Board. The transaction is still subject to approval from Shenzhen Stock Exchange and the China Securities Regulatory Commission.