Wuxi Lead Intelligent Equipment Co.,Ltd. (SZSE:300450) announced a private placement of not more than 69,348,127 domestically listed A shares at a price of CNY 36.05 per share for gross proceeds of not more than CNY 2,499,999,978 on September 14, 2020. The transaction will include participation from new investor Contemporary Amperex Technology Co., Limited (SZSE:300750). The transaction has been approved at 28th meeting of the third board of directors of the company and is subject to the approvals of the shareholders in its third extraordinary general meeting to be held on September 30, 2020, Shenzhen Stock Exchange and the China Securities Regulatory Commission.

The shares cannot be transferred within 36 months from the listing of the shares. The validity period of board approval is 12 months from the date of approval by company's shareholder meeting.