Bengbu Deli Solar Materials Co., Ltd announced a private placement of shares for gross proceeds of CNY 95 million on December 4, 2020. The transaction will include participation from returning investor Anhui Deli Household Glass Co., Ltd. (SZSE:002571) to retain 100% stake in the company. The transaction has been approved in the 48th meeting of the third board of directors and is still subject to approval by first extraordinary general meeting of shareholders in 2020. Post-closing, the registered capital of the company will increase from CNY 5 million to CNY 100 million.