Focus Lightings Tech (Suqian) Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 500,000,000 on May 25, 2021. The transaction will include participation from existing investor Focus Lightings Tech Co., Ltd. (SZSE:300708). Post completion of the transaction, the investor will continue to hold 96.77% from 95.59% stake in the company, and the Suqian Industrial Development Fund (Limited Partnership) will hold 3.23% from 4.41% stakes in the company. and the registered capital of the company will increase from CNY 1,360,000,000 to CNY 1,860,000,000. The transaction has been approved in the second directorate in the 40th meeting of the second board of directors, 30th meeting of the second board of supervisors, and does not require shareholders approval.