NavInfo Co., Ltd. (SZSE:002405) announced a private placement of not more than 500,000,000 A shares for gross proceeds of not more than CNY 4,000,000,000 on August 27, 2020. The pricing base date of the transaction is the first day of the offering period. The issue price shall be no less than 80% of the average price of the companys stock trading on the 20 trading days before the pricing base date. The shares subscribed in the transaction shall not be listed, traded or transferred within 6 months from the date of completion of the issuance. The transaction will include participation from not more than 35 investors. The transaction was approved at the third meeting of the fifth board of directors of the company. The transaction is subject to the approval of the shareholders of the company and approval of the China Securities Regulatory Commission.