Beijing Nancal Ryun Digital Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 80,000,000 on April 9, 2018. The transaction will include participation from existing investor Nancal Energy-Saving Technology Co., Ltd. (SHSE:603859) for CNY 51,000,000, of which, CNY 12,750,000 will be added as registered capital, CNY 38,250,000 will be added as capital reserve and new investor Ningbo Meishan Free Trade Port Area Ruizuhui Investment Management Partnership Enterprise for CNY 29,000,000, of which, CNY 7,250,000 will be added as registered capital, the remaining CNY 21,750,000 will be added as capital reserve. Post the closing, Nancal Energy-Saving Technology Co., Ltd. (SHSE:603859) will hold 70% stake against 74.17% stake and Ningbo Meishan Free Trade Port Area Ruizuhui Investment Management Partnership Enterprise will hold 14.5% stake in the company. The transaction was approved by the board of directors of the company at the 9th session of the 3rd directorate meeting. Pursuant to closing, the registered capital of the company will increase from CNY 30,000,000 to CNY 50,000,000. The transaction is subject to approval from the shareholders of the company. The company reported total assets of CNY 74,303,700, net assets of CNY 60,962,200, revenue of CNY 69,225,200, and net profit of CNY 15,790,200 for the year ended December 31, 2017.