Fujian Zhangzhou Development Co., Ltd (SZSE:000753) announced a private placement of 178,890,896 A shares at no less than CNY 5.59 per share for gross proceeds of CNY 1,000,000,109 on September 11, 2015. The transaction will include participation from four designated investors including returning investor Beijing Origin Water Technology Co.,Ltd who will acquire 3.37% stake by subscribing for 35,778,175 shares for CNY 199,999,998.25. The transaction is subject to the approval of the shareholders and the China Securities Regulatory Commission.

The transaction has been approved in the 31st session of the 3rd directorate of Beijing Origin Water Technology Co.,Ltd.