Beijing Si-Tech Information Technology Co., Ltd. (SZSE:300608) announced a private placement of not more than 47,296,077 shares for not more than CNY 650,000,000 on April 13, 2021. The transaction will include participation from not more than 35 investors. The issuance price of the share is not less than 80% of the average price in the 20 trading days before the pricing reference date in the transaction. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 17th meeting of the company's 3rd directorate, and is subject to the approvals of the shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission