Beijing E-Techstar Co.,Ltd. (SZSE:300513) announced a private placement of 6,801,018 shares at a price of CNY 84.45 per share for gross proceeds of CNY 574,345,970.1 on January 20, 2017. The transaction will involve participation from Beijing Dinghui Fuyi Investment Management Center (Limited Partnership) for 2,368,245 shares for proceeds of CNY 200,000,000, Changxing Songshan Hengtai Investment Partnership Enterprise (Limited Partnership) for 852,568 shares for proceeds of CNY 72,000,000, and Su Jin Qian, General Manager for 3,580,205 shares for proceeds of CNY 35,802,050,000. The securities issued are subject to hold period of 36 months from date of issuance. The transaction has been approved at the partners meeting of Beijing Dinghui Fuyi Investment Management Center (Limited Partnership) and Changxing Songshan Hengtai Investment Partnership Enterprise (Limited Partnership). The transaction is subject to approval of shareholders of the company and China Securities Regulatory Commission.