The issuance examination commission of China securities regulatory commission (hereinafter referred to as CSRC) examined the application of Shenzhen Senior Technology Material Co.,Ltd (hereinafter referred to as "the company") for non-public offering A shares on the GEM on January 14,2019. According to the examination and verification results, the application of the company for non-public offering A shares was approved. This private placement project of the company still needs to obtain the official approval document from China securities regulatory commission.

At this point, The company has taken a solid step forward in this private placement project, The proposed private placement project will raise no more than 2 billion yuan(Including issuance fees), The net amount of all raised funds after deducting the issuance fees is to be invested into the company's wholly-owned subsidiaries which is the super coating factory project in Jiangsu Senior, The project mainly builds 50 high-performance lithium battery coating separator production lines and 8 lithium battery dry separator production line. It will have an annual production capacity of 400 million square meters for dry process separator and 1 billion square meters for high-performance coating process separator in lithium ion battery when the project was completed.

It is the company’s important strategic layout of high-performance coating process separator to implement the "super coating factory" project, and is also the important strategic initiatives of the company for complying with the rapid development trend of the new energy vehicle industry and the customer demand of high-end lithium battery in foreign countries. It will lay an important foundation for the company to further expand overseas markets and consolidate its leading position in the lithium ion battery separator industry.