Shenyang Pulin Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 80,000,000 on May 15, 2020. The transaction included participation from returning investor Beijing DHC Hechuang Technology Co., Ltd. and DHC Software Co., Ltd. (SZSE:002065). The stake of Beijing DHC Hechuang Technology Co., Ltd., will increase from 1% to 51% and DHC Software Co., Ltd. (SZSE:002065) will reduce from 99% to 49% in the company. Post the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 100,000,000. The transaction has been approved in the 8th meeting of the 7th directorate meeting of DHC Software Co., Ltd. (SZSE:002065) and does not need the shareholders’ approval.