Jiujiang Sunshine Circuits Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 200,000,000 on January 4, 2019. The transaction will involve participation from existing investor, Sunshine Global Circuits Co.,Ltd. (SZSE:300739). After the capital increase, the investor will retain its 100% stake in the company. The capital increase funds will be added as the company’s registered capital. Post-closing of the transaction, the registered capital of the company will increase from CNY 320,000,000 to CNY 520,000,000. The transaction was approved at the 22nd session of the investor's first directorate and the 12th session of the investor's first supervisory board meeting. The transaction is subject to approval of shareholders of the company.