Qingding Precision Electronics (Huai'an) Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 400,000,000 on March 30, 2021. The transaction will include participation from returning investor Avary Holding (Shenzhen) Co., Limited (SZSE:002938). The transaction has been approved by the 10th session of the investor's 2nd directorate and the 4th session of the investor's 2nd supervisory board. After the completion of the transaction, the registered capital of the company will increase from CNY 2,650,525,900 to CNY 3,050,525,900.