GUANGDONG CHJ INDUSTRY CO.,LTD. (SZSE:002345) announced that it has signed share subscription agreement for a private placement of not more than 90,000,000 A common shares at a price of CNY 3.27 per share for gross proceeds of up to CNY 294,300,000 on September 25, 2020. The transaction will include participation from returning investor, Liao Chuangbin. If in the 12 months prior to the completion of transaction, if Liao Chuangbin increases its holdings by not more than 2%, the shares cannot be transferred within 18 months from the issuance closing date. If in the 12 months prior to the completion of transaction, if Liao Chuangbin increases its holdings by more than 2%, the shares cannot be transferred within 36 months from the issuance closing date. The company's total share capital will increase from 905,412,707 shares to 995,412,707 shares. The transaction has been approved at the company's 13th meeting of the 5th directorate, and is subject to the approvals of the shareholders meeting and the China Securities Regulatory Commission.