Beijing Orient Landscape & Environment Co.,Ltd. (SZSE:002310) announced a private placement of t more than 40,000,000 non-convertible preferred shares at a price of CNY 10 per share for gross proceeds of not more than CNY 400,000,000 on November 27, 2018. The non-public offering preference shares are fixed dividend yields with a single rate of interest, accumulative, non-participating, no resale terms. The preferred shares of this issue will be issued at a face value of CNY 100 per share. The specific amount will be authorized by the shareholders' meeting within the above-mentioned limits according to regulatory requirements and market conditions. The preferred shares to be issued in non-public issuance targets no more than 200 qualified investors who meet the requirements. The issue is not scheduled to be placed to the original shareholders. The company will implement the initial issuance within six months from the date of approval by the China Securities Regulatory Commission.