Shanghai Ganso Electronics Business Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 19,000,000 from existing investor Ganso Co., Ltd. (SHSE:603886) on April 16, 2021. The registered capital will be CNY 20,000,000 upon closing. The investor will retain its 100% stake in the company. The transaction is approved by the 11th session of the 3rd directorate of the investor.