Wuhan Golden Laser Co., Ltd (SZSE:300220) announced a private placement of not more than 37,800,000 A shares for gross proceeds of not more than CNY 740,000,000 on June 9, 2020. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. All securities issued in the transaction have a hold period of 6 months from the issuance closing date. The transaction has been approved in the 18th meeting of the 4th directorate and the 13th meeting of the 4th supervisory board and is subject to the approval of the shareholders meeting and the China Securities Regulatory Commission.