Ri Kai Computer Accessories Co., Ltd. announced a private placement for common shares for gross proceeds of CNY 6,125,967,400 on January 28, 2021. The transaction will include participation from new investors Changshu Ri Kai Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 125,967,400 for CNY 219,250,900 of registered capital, Luxshare Precision Industry Co., Ltd. (SZSE:002475) for CNY 5,760,062,200 of which CNY 3,007,681,600 will go to the registered capital, and Luxshare Precision Limited for CNY 239,937,800 of which CNY 125,286,200 will go to the registered capital. Post closing of the transaction, the registered capital of the company will increase from CNY 2,912,093,600 to CNY 6,264,312,300. Luxshare Precision Industry Co., Ltd. (SZSE:002475) will hold 48.013%, Changshu Ri Kai Enterprise Management Partnership Enterprise (Limited Partnership) will hold 3.50%, and Luxshare Precision Limited will hold 2%, and RIH LI International Ltd (Samoa) will hold 46.487% after completion of the transaction. The company intends to negotiate and sign a capital injection agreement with the investors. As a part of the transaction, the chairman and two directors of the company shall be appointed by Luxshare Precision Industry Co., Ltd. (SZSE:002475). The transaction has been approved at the 30th meeting of the 4th directorate of Luxshare Precision Industry Co., Ltd. (SZSE:002475), Casetek Holdings Limited’s board of directors and does not need its shareholders’ approval. The round is bring raised at a pre-money valuation of CNY 5,517,000,000.