Shenzhen Dingjia Information Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 499,000,000 on October 15, 2018. The transaction will include participation from existing investor XGD Inc. (SZSE:300130). Post the closing, the registered capital of the company will increase from CNY 1,000,000 to CNY 500,000,000 and the investor will maintain 100% stake in the company. The transaction was approved by the board of directors of the investor at the 25th session of the 4th directorate meeting.