Swancor Advanced Materials Co., Ltd. announced that it will issue common shares at a price of CNY 1 per share for gross proceeds of not more than CNY 300,000,000 on March 30, 2022. The transaction will include participation from not more than 35 investors. The issue price shall not be lower than 80% of the average stock trading price in the 20 trading days prior to the pricing benchmark date.

All the securities issued in the transaction will be subject to a hold period of 6 months from the date of issuance. The transaction has been approved at the 16th meeting of the second session of the Board of Directors.