Tus-Design Group Co., Ltd. (SZSE:300500) announced private placement of 52,344,055 shares for gross proceeds of not more than CNY 587,253,300 to no more than 35 specific investors on April 24, 2020. The shares subscribed shall not be transferred within 6 months from the closing of the issuance. The transaction has been approved by the 17th meeting of the 3rd directorate of the company and is subject to approval of company's shareholders' meeting and by the China Securities Regulatory Commission.