Eternal Asia Supply Chain Management Ltd. (SZSE:002183) announced that it has signed a share subscription agreement for the private placement of not more than 636,809,345 shares for gross proceeds of not more than CNY 2,800,000,000 on July 26, 2020. The transaction will include participation from not more than 35 investors, including returning investor, Shenzhen Eternal Asia Investment Holdings Limited for CNY 300,000,000 and Shenzhen Toukong Gongying Equity Investment Fund Partnership Enterprise (L.P.), a fund managed by Shenzhen Investment Holding Capital Co., Ltd. for CNY 1,000,000,000 with hold period of 18 months, and shares subscribed by other investors will have hold period of 6 months from the issuance. The transaction has been approved at the 22nd meeting of the 6th directorate, and is subject to the approvals of the shareholders in its 6th extraordinary general meeting of 2020 to be held on August 12, 2020, and the China Securities Regulatory Commission.