Shanghai Green Vaper Technology Co., Ltd. announced that it has entered into a capital increase agreement for private placement of gross proceeds of CNY 110,000,000 on June 27, 2018. The company will issue equity in the transaction. The transaction will involve participation from existing investors, Shantou Dongfeng Printing Co., Ltd. (SHSE:601515) for CNY 44,000,000 of which CNY 20,000,000 will go to registered capital and CNY 24,000,000 to capital reserve and Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) for CNY 66,000,000 of which CNY 30,000,000 will go to registered capital and CNY 36,000,000 to capital reserve.

The investors, Shantou Dongfeng Printing Co., Ltd. (SHSE:601515) will continue to hold 40% stake with total investment of CNY 60,000,000 and Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) will continue to hold 60% stake with total investment of CNY 90,000,000 in the company. The transaction has been approved by the board of directors of Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565). Post the closing, the registered capital of the company will increase from CNY 100,000,000 to CNY 150,000,000.

The company reported total assets of CNY 41,743,500, operating revenue of CNY 6,052,100, net assets of CNY 40,025,300, and net profit of CNY -21,102,400 for the year ended December 31, 2017.