Shenyang Blue Silver Industry Automatic Equipment Co.,Ltd. (SZSE:300293) announced a private placement of not more than 81 million A common shares for gross proceeds of CNY 120 million on May 28, 2021. The transaction will include participation from not more than 35 investors. The pricing base date is the first day of the issuance. The issue price is not less than 80% of the average trading price during the 20 trading days prior to the pricing base date. The shares must not be transferred within 6 months after listing date. The transaction is approved by the 36th session of the company’s 3rd directorate and still needs approval from company's 2020 shareholders’ meeting, company’s directorate, Shenzhen Stock Exchange and the China Securities Regulatory Commission.