Guangdong Guangwu Supply Chain Management Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 25,378,000 on January 12, 2017. The transaction included participation from returning investors, Shenzhen Feima International Supply Chain Co., Ltd. (SZSE:002210) for CNY 14,380,900 to subscribe registered capital of CNY 13,073,000 of the company and Guangzhou Poxi Investment Management Co., Ltd. for CNY 10,997,100 to subscribe registered capital of CNY 9,997,000 of the company. Shenzhen Feima International Supply Chain Co., Ltd. (SZSE:002210) holds 45% stake in the company and Guangzhou Poxi Investment Management Co., Ltd. holds 30% stake in the company. The registered capital of the company increased from CNY 38,450,000 to CNY 61,520,000. The transaction is not subject to shareholders’ approval and directorate approval of the Shenzhen Feima International Supply Chain Co., Ltd. (SZSE:002210). The company has completed the change of business registration of the transaction.