Suzhou New Sea Union High-Tech Co., Ltd. announced a private placement of CNY 50,000,000 from returning investor, New Sea Union Technology Group Co.,Ltd. (SZSE:002089) on February 8, 2021. Post closing, the investor will retain its 100% stake in the transaction. The transaction has been approved at the investor's 21st session of the 7th directorate. The registered capital will increase from CNY 60,230,200 to CNY 110,230,200.