Shenzhen Xinguodu Technology Co. Ltd. (SZSE:300130) announced a private placement of 12,000,000 A shares at CNY 50.46 per share for gross proceeds of CNY 605,520,000 on April 9, 2015. The transaction will include participation from CITIC-CP Asset Management Co., Ltd. through CITIC Prudential United Gongying No.

1 Asset Management Plan, CITIC Prudential United Gongying No. 2 Asset Management Plan, CITIC Prudential United Gongying No. 3 Asset Management Plan, CITIC Prudential United Gongying No.

4 Asset Management Plan, and CITIC Prudential United Gongying No. 5 Asset Management Plan, which will subscribe to 4,000,000 shares, 4,400,000 shares, 1,500,000 shares, 1,000,000 shares, 1,100,000 shares, respectively. The lock-up period for the shares to be issued in the transaction will be 36 months from the date of completion of the private placement.

The private placement has been approved by the company's 9th special session of its 3rd directorate meeting. The transaction still needs the approval of the company's shareholders and the China Securities Regulatory Commission.