Thinker Agricultural Machinery Co., Ltd. (SHSE:603789) announced that it has entered into a share subscription agreement with existing investor Zhejiang Lumai Yicheng Technology Development Co., Ltd. to issue 19,227,100 A shares at a price of CNY 10.61 per share for gross proceeds of CNY 203,999,531 on December 9, 2020. The shares to be issued in the transaction will be subject to hold period of 18 months. The transaction has been approved at the 1st meeting of company's 4th directorate and is subject to approvals from the company's directorate, shareholders and the China Securities Regulatory Commission. The resolution for the non-public issuance of shares is valid for 12 months from the date of deliberation and approval by the shareholders' meeting.