Founder Securities Investment Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 600,000,000 on February 19, 2020. The transaction will involve participation from returning investor Founder Securities Co., Ltd. (SHSE:601901). The investor will continue to retain its 100% stake in the company. Post completion of the transaction, the registered capital of the company will increase from CNY 900,000,000 to CNY 1,500,000,000. The transaction has been approved at the 2nd meeting of the 4th directorate of the investor and does not require the approval from the shareholders of the investor.