Central Plains Environment Protection Xinmi Heating Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 100,000,000 on May 14, 2018. The transaction will include participation from the returning investor Central Plains Environment Protection Co.,Ltd. (SZSE:000544). Post this transaction, registered capital of the company will increase from CNY 100,000,000 to CNY 200,000,000. The investor will still own a 100% stake in the company. The transaction was approved by the board of directors of the investor in its 12th meeting of the 8th directorate. The company has recorded total assets of CNY 419,753,058, net assets of CNY 92,705,445, operational income of CNY 72,146,679 and net profit of CNY -16,451,105 for the period ended December 31, 2017.