Jingdezhen Chicheng Green Building Technology Co., Ltd. announced that it has entered into a cooperation agreement with Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) for private placement of shares for gross proceeds of CNY 15 million on January 9, 2019. The investor will acquire 18.75% stake in the company. Post the transaction, the registered capital of the company will increase to CNY 80 million. The transaction was approved by the shareholders at the 91st session of the 6th directorate meeting.