Yizhen Network Technology Co., Ltd. announced a private placement of 40,684,931 shares at CNY 6.144781 per share for gross proceeds of CNY 250,000,000 from a new investor, East Money Information Co.,Ltd. (SZSE:300059) on July 10, 2015. The investor will acquire 27% stake in the company. The transaction has been approved in the 23rd session of the 3rd directorate of the investor.

The company reported total assets of CNY 414,131,000, net asset of CNY 48,015,400, and revenue of CNY 72,411,500 for the year ended December 31, 2014.