Nanjing Gpro Supply Chain Management Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 540,000,000 on November 17, 2020. The transaction included participation from returning investor Gpro Titanium Industry Co., Ltd. (SZSE:000545) to retain its 100% stake in the company. Post transaction the company's registered capital will increase from CNY 10,000,000 to CNY 550,000,000. The transaction was approved by board of directors in fourteenth meeting of seventh directorate. The transaction is subjected to shareholders approvals.