YLZ Information Technology Co., Ltd (SZSE:300096) announced that it has signed a share subscription agreement with Zhang Xi for a private placement of not more than 129,000,000 A shares at a price of CNY 6.43 per share for gross proceeds of CNY 829,470,000 on February 24, 2021. The transaction has been approved in the 33rd meeting of the fourth directorate of the company, and is subject to approval from company's shareholders meeting, by the Shenzhen Stock Exchange, and by the China Securities Regulatory Commission. All securities issued in the transaction have a hold period of 3 years from the date of issuance.