Levima Advanced Materials Corporation announced private placement of not more than 267,113,600 A shares for the gross proceeds of not more than CNY 2,020,000,000 on December 19, 2022. The transaction will include participation from not more than 35 specific investors, including securities investment fund management companies, securities companies, trust companies, and financial companies that comply with laws, regulations, and the provisions of the China Securities Regulatory Commission., insurance institutional investors, asset management companies, qualified foreign institutional investors and other institutional investors, and natural persons, securities investment fund management companies, securities companies. The pricing base date of stocks is the first day of the issuance period of this offering of stocks.

The issue price of this offering of shares shall not be lower than 80% of the average trading price. The transaction has been reviewed and approved at the tenth meeting of the second board of directors and still needs to be reviewed and approved by the company's general meeting of shareholders and approved by the China Securities Regulatory Commission. The shares subscribed shall not be transferred within 6 months from the date of completion of the transaction.