Jiangsu Daybright Intelligent Electric Co.,LTD. (SZSE:300670) announced a private placement to issue not more than 30% of total share capital on May 21, 2021. The round will see participation from not more than 35 investors. The issue price is not less than 80% of the average price of the company’s stock during the 20 trading days prior to the pricing base date. The transaction has been approved by the board of directors of the company at the 6th Meeting of the 3rd directorate and is subject to approval from shareholders of the company and the China Securities Regulatory Commission.