VT-WARREN Automotive Stamping Technology (Wuxi) Ltd announced a private placement of common shares for gross proceeds of CNY 21,046,368.40 from existing investor, VT Industrial Technology Co.,Ltd on August 14, 2021. The transaction has been approved in the 22nd Meeting of the investor's 2nd Directorate and does not need the Shareholders' Approval. As a part of the transaction, company's registered capital will increase from CNY 38,953,631.60 to CNY 60,000,000.