China Crystal New Material Holdings Co.,Ltd. announced a private placement of 4,046,774 common shares at a price of KRW 1,600 per share for gross proceeds of KRW 6,474,838,400 on December 7, 2021. The transaction will include participation from individual investor DAI ZHONG QIU through third-party allotment. The transaction has been approved by the board of directors of the company. The shares are subject to a hold period of one year. The payment date is on December 17, 2021.