Shanghai Teld New Energy Co., Ltd. announced that it has entered into a share subscription agreement for a private placement of 19,860,000 common shares at a price of CNY 14.60 per share for gross proceeds of CNY 289,956,000 on June 18, 2021. The transaction will include participation from EVE Energy Co., Ltd (SZSE:300014) for CNY 20,002,000, will own 0.1473% stake, Xiamen Junrui Junju Investment Consulting Partnership (Limited Partnership) for CNY 8,220,000 for 0.8836% stake, Smart Interconnection Telecom Ark (Shenzhen) Venture Capital Fund Partnership (Limited Partnership) for CNY 3,420,000 for 0.3676%, Three Gorges Green Industry (Shandong) Equity Investment Partnership Enterprise (Limited Partnership) for CNY 2,050,000 for 0.2204%, Guangdong Dezai Houqifu Equity Investment Partnership (Limited Partnership) for CNY 1,370,000 for 0.1473%, Sino-Russian Energy Cooperation Equity Investment Partnership Enterprise (L.P.), a fund managed by Sino-Russian Energy Cooperation Investment Fund Management (Jinan) Co., Ltd. for CNY 1,370,000 for 0.1473% stake, Shenzhen Mammoth Future Investment for CNY 680,000 for 0.0731% stake, Qingdao Huazi Shengtong Equity Investment Fund Partnership (Limited Partnership) for CNY 680,000 for 0.0731% stake, Ningbo Meishan Bonded Port Zone Zeyu Investment Partnership (Limited Partnership) for CNY 5,110,000 for 0.03376% stake, and Lutong (Beijing) Infrastructure Construction Development Co., Ltd. for CNY 5,110,000 for 0.03376% stake. Post the closing, CNY 19,860,000 will be added to the registered capital and CNY 270,096,000 to the capital reserve. Post the closing, the registered capital will increase from CNY 910,470,000 to CNY 930,330,000. The transaction was reviewed and approved at the 26th meeting of the fourth board of directors of the company. This transaction is within the authority of the board of directors and does not need to be submitted to the company's shareholders meeting for deliberation.