Estun Automation Co., Ltd (SZSE:002747) announced that it will receive a round of funding on September 6, 2019. The company will issue common shares and convertible bonds in the transaction. The issue price of shares will be not lower than 90% of the median market price of the company's shares as of 20 previous days to issuance date. The bonds will be convertible into common shares at an initial issue price of not less than 90% of the average price of the company's shares on the 20 trading days before the first day of the issuance. The transaction is subject to approval from China Securities Regulatory Commission, board of directors of the company in accordance with the authorization of the shareholder's meeting, in accordance with the relevant laws, administrative regulations and regulatory documents. The shares issued are subject to a hold period of 12 months from the date of issue.