Shenzhen Coship Electronics Co., Ltd announced a private placement to issue shares at a issue price CNY 1.58 per share on January 18, 2024. The transaction included participation from returning investor, Fujian Tengxu Industrial Co., Ltd. The 34th session of the company?s 6th directorate and 20th session of the company?s 6th supervisory board approved this transaction. The transaction is subject to approval from company?s shareholders, Shenzhen Stock Exchange and CSRC.

The shares subscribed by Tengxu Industrial must not be transferred within 18 months after the completion date.