Dongguan Mentech Optical & Magnetic Co., Ltd. announced a private placement transaction of not more than 63,000,000 A shares for gross proceeds of not more CNY 455,000,000 on September 29, 2022. The transaction will include participation from not more than 35 specific investors. The pricing reference date will be the first day of issuance.

Issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. The securities to be issued in the transaction will have a lock-up period of six months after issuance completion date. The transaction has been reviewed and approved at the 14th meeting of the company's fourth board of directors.