CECEP Wind-power Corporation Co. Ltd. (SHSE:601016) announced a private placement of not more than 315,457,413 A shares at a price not less than CNY 9.51 per share for gross proceeds of not more than CNY 2,999,999,997.63 on March 10, 2015. The transaction will include participation from not more than 10 specific investors.

The subscribers will not transfer the shares to be subscribed on the transaction for 12 months from date of completion of the issuance. The transaction was approved at its 12th session of the 2nd directorate meeting and 7th session of the 2nd board of supervisors meeting. The transaction is subject to the approval of the company‘s shareholders and the China Securities Regulatory Commission.