Zhejiang Sanhua Commercial Refrigeration Co., Ltd. announced a private placement of CNY 1,487,000,000 on June 23, 2021. The transaction included participation from returning investor Zhejiang Sanhua Intelligent Controls Co.,Ltd (SZSE:002050). The company will issue common shares in the transaction. The transaction has been approved in the 19th extraordinary meeting of the company’s 6th directorate 17th extraordinary meeting of the 6th supervisory board.