Beijing Topsec Network Security Technology Company, Ltd. announced private placement for the gross proceed of CNY 250,000,000 from Nanyang Topsec Technologies Group Inc. (SZSE:002212) on July 5, 2017. The transaction is approve in 26th meeting of the 4th directorate and the 2016 shareholders meeting. The transaction was close by the company. Post the closing of the transaction registered capital will increase from CNY 100 million to CNY 350 million.