Chengdu Dingding Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 20,000,000 on January 25, 2019. The transaction will involve participation from Winner Technology Co., Inc. (SZSE:300609). Out of the total amount, CNY 7,950,000 will be included in the registered capital and CNY 12,050,000 will be included in the capital reserve of the company. Post-closing of the transaction, the investor will hold 55.02% stake in the company, and the company will become a holding subsidiary of the investor. The transaction has been approved by the board of directors of the investor at its 17th meeting of the second directorate.