Qianjiang Water Resources Development Co., Ltd. (SHSE:600283) announced a private placement of 100,000,000 shares at CNY 7.45 per share for gross proceeds of CNY 745,000,000 on May 27, 2013. The transaction will include participation from not more than 10 investors, including existing investors, China Water Investments Limited and Zhejiang Water Conservancy & Hypower Investment Corporation Group, which will subscribe to 10,000,000 shares and 6,730,000 shares, respectively, based on their current equity stakes in the company. The consideration of the transaction will be in cash. The shares to be subscribed by China Water Investments Limited and Zhejiang Water Conservancy & Hypower Investment Corporation Group will have a lock in period of 36 months from the end of the issuance. The shares to be subscribed by other investors will have a lock in period of 12 months from the end of the issuance. The transaction was approved in 5th session of the 5th directorate meeting of the company. The transaction requires the approval of the stockholders and the China Securities Regulatory Commission.

On June 14, 2013, the company announced that the transaction has been approved at its 1st special stockholders' meeting of 2013.

On August 19, 2013, the company amended the terms of the transaction. The company will now issue up to 101,360,500 A shares at not less than CNY 7.35 per share.

On December 31, 2013, the company announced that the transaction was approved by the China Securities Regulatory Commission.

On June 5, 2014, the company announced that it has amended the terms of the transaction. The company will now issue not more than 102,054,800 shares at a price not less than CNY 7.30 per share for gross proceeds of CNY 745,000,040. China Water Investments Limited and Zhejiang Water Conservancy & Hypower Investment Corporation Group will subscribe to minimum of 10,205,500 shares and 6,874,200 shares, respectively.

On June 11, 2014, the company announced that the transaction was approved by the Issuance Examination Committee of China Securities Regulatory Commission.

On June 13, 2014, the company announced that the 10th special meeting of the 5th directorate of the company approved the proposal of extending validity period of resolution on shares issuance by one year and the proposal of extending validity period of full authorization of directorate to handle issues about shares issuance by shareholders' meeting.

On July 3, 2014, the company announced that the 2nd special shareholders' meeting of 2014 has approved the proposal of extending validity period of resolution on the transaction by one year and the proposal of extending validity period of full authorization of directorate to handle issues about the transaction by shareholders' meeting.

On September 10, 2014, the company announced that it has received verification and approval of application from the China Securities Regulatory Commission.