Shenzhen KJY E-Commerce Co., Ltd. announced that it has signed a conditional share subscription agreement for private placement of not more than 3,036,461 common shares at CNY 16.73 per share for gross proceeds of CNY 50,799,992.53 on January 8, 2017. The transaction will include participation from returning investor Global Top E-Commerce Co., Ltd. (SZSE:002640) for 1,195,457 common shares to acquire 3.5716% stake in the company to increase its stake in the company from 22.874% to 24.3705% and new investor Zhongshang Guoneng Group Co., Ltd. for 1,841,004 common shares to acquire 5.5003% stake in the company. The share capital of the company will increase from 30,434,783 shares to 33,471,244 common shares. The registered capital of the company will increase from CNY 30,434,783 to CNY 33,471,244. Out of the total amount, CNY 3,036,461 will be added to the registered capital of the company and CNY 47,763,531.53 will be added to the capital reserve of the company. The company will issue shares at premium. The round is raised at pre-money valuation of CNY 509,200,000. On January 9, 2017, the transaction has been approved by the board of directors of the Global Top E-Commerce Co., Ltd. (SZSE:002640) at its 21st session of its 3rd directorate.