Shenzhen Collaborative Innovation High-Tech Development Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 14,143,200 on June 21, 2021. The transaction will include participation from returning investor Shenzhen Collaborative Innovation Information Consulting Partnership (Limited Partnership) for CNY 5,143,200 to maintain 21.43% stake, new investors Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. (SZSE:300227) for CNY 8,572,800 for 35.72% stake, and Shenzhen Sunshine Additive Manufacturing Research Institute for CNY 427,200 for 1.78% stake. The company held the sixth meeting of the fifth board of directors and does not require shareholder's approval of Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. (SZSE:300227)