JZ Securities Co., Ltd. announced a private placement of 222,222,222 shares at a price of CNY 3.6 per share for gross proceeds of CNY 800,000,000 on February 18, 2017. The transaction has been approved at the 30th session of 8th directorate of the investor and is subject to be approved by the China Securities Regulatory Commission's Qinghai Branch. The transaction will include investment from Suzhou New District Hi-Tech Industrial Co.,Ltd (SHSE:600736) which will invest for CNY 200 million, Shanxi Xishan Coal and Electricity Power Co.,Ltd (SZSE:000983) which will invest CNY 300 million and Markor International Home Furnishings Co., Ltd. (SHSE:600337) will invest CNY 300 million in the transaction.

The transaction was approved at the 17th session of the 6th directorate of the investor.