Chongqing Anjie Electronics Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 30 million on June 23, 2020. The transaction will include participation from existing investor Suzhou Anjie Technology Co., Ltd (SZSE:002635). The transaction does not need approval from the board of directors and the shareholders of the investor. On closing of the transaction, company's registered capital will increase from CNY 100 million to CNY 130 million.