Shen Zhen Mindata Holding Co., Ltd (SZSE:002137) announced a private placement transaction of 66,660,000 A common shares for gross proceeds of up to CNY 600,000,000 on March 30, 2020. The transaction will include participation from not more than 35 investors. The issue price of shares not be less than 80% of the average price of the company's shares 20 trading days before the pricing benchmark date. All securities issued in the transaction have a hold period of 6 months from the issuance date. The transaction has been approved in the the 24th meeting of the fifth board of directors of the company and is subject to approval from general meeting of shareholders and China Securities Regulatory Commission.