WUXI HODGEN TECHNOLOGY CO., LTD. (SZSE:300279) announced a private placement of not more than 134,682,600 A shares for gross proceeds of not more than CNY 609,825,000 on August 24, 2020. The transaction will include participation from not more than 35 specific investors, including Jingzhou Huikang Equity Investment Fund Partnership Ent. (L.P.), a fund managed by China Merchants Capital Investment Co., Ltd. for not less than CNY 80,000,000 and not more than CNY 120,000,000. The company has signed a subscription agreement with Jingzhou Huikang Equity Investment Fund Partnership Ent. (L.P.). The company will issue shares at a price not less than 80% of the average trading price of the company’s A shares on the 20 trading days prior to the first day of issuance. All shares to be issued to Jingzhou Huikang Equity Investment Fund Partnership Ent. (L.P.) cannot be transferred within 18 months, and all shares to be issued to other investors cannot be transferred within 6 months from the date of issuance. The transaction has been approved in the 13th meeting of the fourth board of directors of the company, and is subject to approval in general meeting of company's shareholders, approval from Shenzhen Stock Exchange and China Securities Regulatory Commission.