Zhongchang Big Data Corporation Limited announced a private placement of 136,999,536 A shares at a price of CNY 2.30 per share for a gross proceeds of up to CNY 315,098,932.8 on October 26, 2020. The transaction will include participation from Hainan Dianku Information Consulting Center (Limited Partnership). The transaction has been approved in the 3rd meeting of the tenth board of directors of the company. The transaction is subject to approval from the shareholders of the company and by the China Securities Regulatory Commission. The transaction is subject to a hold period of eighteen months from the date of issuance.