Wuxi Longsheng Technology Co., Ltd. (SZSE:300680) announced a private placement of no more than 14,862,544 A shares for gross proceeds of not more than CNY 230,000,000 on November 25, 2019. The company will issue securities to not more than 5 specific investors. The securities issued in the transaction are subject to a hold period of 12 months. The transaction has been approved by the board of directors of the company at the 11th meeting of 3rd directorate and 3rd supervisory board's 9th meeting. The transaction is subject to approval from shareholders of the company and china securities regulatory commission.