Sensegain Asset Management announced a private placement of 34,000,000 common shares at CNY 50 per share for gross proceeds of CNY 1,700,000,000 on May 23, 2016. The transaction included participation from new investors, Xinyu Boxi Investment Management Center (Limited Partnership) for CNY 52,250,000 to acquire 0.52% stake in the company, Xinyu Bojia Investment Management Center (Limited Partnership) for CNY 47,750,000 to acquire 0.47% stake in the company, Shenzhen Qianhai Shengshi Runjin Investment Enterprise (Limited Partnership) for CNY 300,000,000 to acquire 2.97% stake in the company, China General Nuclear Capital Holdings Co., Ltd. for CNY 50,000,000 to acquire 0.5% stake in the company, Shanghai Beixin Ruifeng Asset Management Co., Ltd. for CNY 314,000,000 to acquire 3.11% stake in the company, Zhejiang Guangsha Co., Ltd. (SHSE:600052) for CNY 20,000,000 to acquire 0.2% stake in the company, Jiaxing Zhanyi No. 5 Investment Partnership Enterprise (Limited Partnership) for CNY 500,000,000 to acquire 4.95% stake in the company, Shenzhen Shengshi Jinye Equity Investment Partnership Enterprise (Limited Partnership) for CNY 22,000,000 to acquire 0.22% stake in the company, Chengdu Touzhi Shulian Enterprise Management Center (Limited Partnership) for CNY 200,000,000 to acquire 1.98% stake in the company, Shanghai AKCOME Fuluona Investment Management Co., Ltd. for CNY 30,000,000 to acquire 0.3% stake in the company, Tianfeng Tianrui Investment Co., Ltd. for CNY 50,000,000 to acquire 0.5% stake in the company, and China United SME Guarantee Corp. for CNY 114,000,000 to acquire 1.13% stake in the company. Out of the total amount, CNY 34,000,000 has been added to the registered capital of the company and CNY 1,666,000,000 has been added to capital reserve of the company. The company issued shares at premium. The registered capital of the company increased from CNY 168,000,000 to CNY 202,000,000. The investors acquire 16.83168% stake in the transaction. The company has completed the business registration amendment for this transaction. The transaction has been approved by the shareholders’ of the company at its 8th extraordinary shareholders’ meeting. The company has reported total assets of CNY 1,204,318,500, total liabilities of CNY 220,175,900, equity attributable the shareholders of the parent company of CNY 553,738,500, and net profit of CNY 431,620,400 for the year ended December 31, 2015.