Wuxi Lead Intelligent Equipment Co.,Ltd. (SZSE:300450) announced a private placement of not more than 264,433,881 A shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 2,500,000,000 on April 27, 2020. The transaction will include participation from not more than 35 investors. The transaction has been approved at 24th meeting of the 3rd directorate and 20th meeting of the 3rd supervisory board of the company and is subject to the approvals of the shareholders meeting and the China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date.