Beijing Orient Landscape & Environment Co., Ltd. (SZSE:002310) announced a private placement of not more than 805,638,601 shares for gross proceeds of not more than CNY 2,000,000,0000 on June 8, 2020. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. All securities issued in the transaction have a hold period of 6 months from the issuance closing date. The transaction has been approved in 6th meeting of the company's 7th directorate and is subject to approval from shareholders meeting and the China Securities Regulatory Commission.