Nanjing Dingpai Electrical and Mechanical Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 551,000,000 on August 22, 2019. The transaction will include participation from returning investor, Estun Automation Co., Ltd (SZSE:002747) for CNY 283,400,000, and Nanjing Paileisite Technology Co., Ltd. for CNY 267,600,000. Post the transaction, the registered capital if the company will increase from CNY 149,000,000 to CNY 700,000,000. The transaction has been approved in the 20th session of the 3rd directorate meeting of the Estun Automation Co., Ltd (SZSE:002747). Post the transaction, Estun Automation Co., Ltd (SZSE:002747) will hold 49% stake and Nanjing Paileisite Technology Co., Ltd. will hold 51% stake in the company.