Kunming BOE Display Technology Co., Ltd. announced a private placement for the gross proceeds of CNY 2,040,000,000 on December 26, 2019. The transaction included participation from existing investors Central Yunnan Industry Development Group Co.,Ltd. of CNY 193,800,000 and BOE Technology Group Company Limited (SZSE:000725) of CNY 1,846,200,000. Post the closing, the stake of BOE Technology Group Company Limited (SZSE:000725) will increase from 67% to 82.77% and Central Yunnan Industry Development Group Co.,Ltd. will retain its stake for 9.5%. The company will issue common shares in the transaction. Post the closing, the registered capital of the company will increase from CNY 1,000,000,000 to CNY 3,040,000,000.