Huzhou Great Wall Shaped Wire Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 206 million on June 16, 2021. The transaction will include participation from existing investor Zhejiang grandwall electric science&technology co.,ltd. (SHSE:603897). Post completion of transaction, the investor will retain 100% stakes in the company and registered capital of the company will increase from CNY 12 million to CNY 218 million. The transaction has been approved at 1st session of the company's 4th directorate.