Tsinghua Tongfang Co., Ltd. announced that it has entered into share subscription agreement with National Civil-Military Integration Industrial Investment Fund Co., Ltd. and existing investor China National Nuclear Corporation Capital Holdings Limited for private placement of 538,461,537 shares of class A at issue price of CNY 6.50 per share for gross proceeds of CNY 3,499,999,990.5 on May 29, 2020. The new investor, National Civil-Military Integration Industrial Investment Fund Co., Ltd. subscribes for 153,846,153 shares for gross proceeds of CNY 999,999,994.50 and returning investor, China National Nuclear Corporation Capital Holdings Limited subscribes for 384,615,384 shares for gross proceeds of CNY 2,499,999,996. The transaction has been approved at the 4th meeting of the 8th supervisory board of the company. The transaction still needs to be approved by China National Nuclear Corporation, shareholders of the company at the general meeting, National Defense Science and Technology Industry Bureau, and China Securities Regulatory Commission. The subscription payment date shall be the date that the company obtains the approval from China Securities Regulatory Commission and the investor receives the subscription payment notice within 20 days from the start from the company. All the shares issued in the transaction shall have a lock up period of 18 months from the closing of the transaction. On June 12, 2020, the company has received written reply from China National Nuclear Corporation, parent of China National Nuclear Corporation Capital Holding Co., Ltd.