Guangdong SACA Precision Manufacturing Co., Ltd. (SZSE:300464) announced a private placement of not more than 105,936,652 shares for gross proceeds of not more than CNY 981,704,400 on November 4, 2020. The transaction will include participation from not more than 35 investors. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction has been approved in the 10th meeting of the company's 4th directorate, 8th meeting of the 4th supervisory board and is still subject to the approval of the shareholders in a meeting, Shenzhen Stock Exchange, and China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date.