Taishan Dcenti Steam Turbine Intelligent Manufacturing Co., Ltd announced a private placement of common shares for gross proceeds of CNY 40 million on December 21, 2020. The transaction will include participation from returning investor Guangdong Dcenti Auto-Parts Stock Limited Company (SHSE:603335) to retain 100% stake in the company. The transaction has been approved by the 31st meeting of the investor’s second directorate of the investor and there is no need to submit to the company's shareholders meeting for review and approval. Post-closing, the registered capital of the company will increase from CNY 30 million to CNY 70 million.