Jiangdong Electronic Materials Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 200 million with Jiangsu Zhongtian Technology Co., Ltd. (SHSE:600522) on January 10, 2019. The transaction was approved by the board of directors of the investor at the 22nd meeting of the 6th directorate and does not need the approval by the shareholders. Post the closing, the registered capital of the company will increase to CNY 600 million. The company reported total assets of CNY 654,186,000, total liabilities of CNY 266,275,000, and net assets of CNY 387,110,000 for the year ended December 31, 2018.