Shenzhen Huaxin Runda Venture Capital Co., Ltd. announced a private placement of shares for the gross proceeds of CNY 20 million on June 27, 2019. The transaction will include participation from existing investor Shenzhen Ecobeauty Co., Ltd. (SZSE:000010). Post transaction, the investor will retain 100% stake in the company. The transaction was approved in 7th session of the 10th directorate meeting by board of directors of the investor.