GuiZhou QianYuan Power Co., Ltd. announced a private placement of not more than 43,000,000 share for gross proceeds of not more than CNY 680,000,000 with returning investor China Huadian Corporation Ltd. on November 21, 2019. The investor currently holds 13.58% stake. The transaction has been approved in the 7th meeting of the 9th directorate of the company. The transaction is subject to shareholder's approval at its 3rd extra-ordinary general meeting of 2019 to be held on December 12, 2019., approval from China Securities Regulatory Commission, and the investor. All the securities to be issued in the transaction are subject to a hold period of 36 months from the issuance date. Issuance price will not be lower than the median market price of the shares of the company as of 20 previous days to issuance date.