Luxshare Precision Industry (Kunshan) Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 125,000,000 on April 19, 2017. The transaction will include participation from returning investor Luxshare Precision Industry Co., Ltd. (SZSE:002475) to retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor at its 15th meeting of the 3rd directorate. The transaction is not subject to shareholders’ approval of the investor. The company has reported total assets of CNY 363,586,000, total liabilities of CNY 159,586,500, net assets of CNY 203,999,500, revenue of CNY 368,643,400, and net profit of CNY 37,605,800 for the year ended December 31, 2016.