Miracll Chemicals Co.,Ltd announced a private placement of not more than 12,329,485 common shares at an issue price of CNY 19.06 per share for gross proceeds of not more than CNY 234,999,984.10 on October 24, 2022. The transaction included participation from Wang Renhong. The shares issued in the transaction will have a hold period of 36 months from the date of issuance. The transaction has been approved by the seventh meeting of the third board of directors and the sixth meeting of the third board of supervisors of the company.

On December 28, 2022, the company announced that the transaction has been approved by the Shenzhen Stock Exchange.