Lianchu Securities Co., Ltd. announced that it will sign capital increase share subscription agreement for private placement of 87,000,000 shares at a price of CNY 3.3 per share for gross proceeds of CNY 287,100,000 with new investor, Jiangsu Zhongnan Construction Group Co., Ltd. on April 24, 2017. Post the closing, the investor will acquire 3.399% stake in the company and the registered capital of the company will increase by CNY 1,200,000,000. The transaction has been approved at the 6th directorate?s 56th meeting of the investor and is not subject to its shareholders' approval.