Beijing VRV Software Corporation Limited (SZSE:300352) announced a private placement of not more than 110,180,000 A shares for not more than CNY 881,580,000 on July 15, 2020. The transaction will not include participation from more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the fourth extraordinary meeting of the company's fourth directorate and is subject to approvals of the shareholders meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.