Jidian Dingzhou New Energy Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 32,950,000 on April 26, 2017. The transaction will include participation from returning investor Jilin Power Share Co.,Ltd. (SZSE:000875) to retain its 100% stake in the company. The registered capital of the company will increase from CNY 34,000,000 to CNY 66,950,000. The transaction has been approved by the board of directors of the investor at its 12th session of the 7th directorate. The transaction is not subject to shareholders’ approval of the investor. The company has reported total assets of CNY 249,146,600, total liabilities of CNY 212,141,100, net assets of CNY 37,005,400, revenues of CNY 13,015,400, and net profit of CNY 3,005,400 for the year ended December 31, 2016.