Hainan Zhongdianke New Energy Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 190,000,000 on March 29, 2017. The transaction will include participation from new investor Jilin Power Share Co.,Ltd. (SZSE:000875) to acquire 95% stake in the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 200,000,000. The transaction has been approved by the board of directors of the investor at its 10th session of the 7th directorate.