Shenzhen Nane Technology Corporation announced a private placement of 3,176,500 shares at a price of CNY 4.72 per share for the gross proceeds of CNY 14,993,080 with new investor Shenzhen Zhongzhuang Construction Group Co.,Ltd (SZSE:002822) on January 23, 2018. Post the closing the investor will hold 15% stake in the company. The transaction is not subject to investor's directorate approval.