Shenzhen Hive Box Technology Co., Ltd announced that it has signed a purchase agreement for the private placement of common shares for gross proceeds of CNY 2,072,519,084 with 12 investors on January 19, 2018. The transaction will include participation from returning investors Shenzhen Weirong Enterprise Development Co., Ltd., Shenzhen SF Investment Company Limited, STO Express Co.,Ltd. (SZSE:002468), Shenzhen Hive Box Technology Equity Investment Partnership Enterprise (Limited Partnership), Huizhou Zhongchangjin Venture Capital Partnership Enterprise (Limited Partnership) for the proceeds of CNY 544,979,079 out of which CNY 148,378,528 will be added to registered capital and CNY 396,600,551 will be added to capital reserve, CNY 288,584,780 out of which CNY 7,871,429 will be added to registered capital and CNY 210,013,351 will be added to capital reserve, CNY 181,895,861 out of which CNY 49,523,809 will be added to registered capital and CNY 132,372,052 will be added to capital reserve, CNY 72,519,084, CNY 71,129,708 out of which CNY 19,366,104 will be added to registered capital and CNY 51,763,604 will be added to capital reserve respectively. The transaction will also include participation from new investors Ningbo Meishan Bonded Port Area Dinghui Fuhan Equity Fund, a fund managed by Ningbo Meishan Bonded Port Area Fushan Investment Co., Ltd., Zhuhai Qinghe Huifeng Equity Investment Fund (Limited Partnership), Long Star Growth Group Limited, Huizhou Zhongchangjin Qisheng Venture Capital Partnership Enterprise (Limited Partnership), GLP Investment (Shanghai) Co., Ltd., Suzhou Zhongding No. 5 Venture Capital Center (Limited Partnership), Suzhou Zhongding No. 5 Qinglan Equity Investment Fund Partnership Enterprise (Limited Partnership) for the proceeds of CNY 139,915,020 out of which CNY 38,093,911 will be added to registered capital and CNY 101,821,109 will be added as capital reserve, CNY 269,345,795 out of which CNY 73,333,333 will be added to registered capital and CNY 196,012,462 will be added to capital reserve, CNY 41,841,004 out of which CNY 11,391,826 will be added to registered capital and CNY 30,449,178 will be added as capital reserve, CNY 69,290,000 out of which CNY 18,865,216 will be added to registered capital and CNY 50,424,784 will be added to capital reserve, CNY 71,129,708 out of which CNY 19,366,104 will be added to registered capital and CNY 51,763,604 will be added to capital reserve, CNY 206,066,946 out of which CNY 56,104,741 will be added to registered capital and CNY 149,962,205 will be added to capital reserve, CNY 162,648,072 out of which CNY 44,283,317 will be added to registered capital and CNY 118,364,755 will be added to capital reserve, CNY 24,303,735 out of which CNY 6,617,047 will be added to registered capital and CNY 17,686,688 will be added to capital reserve respectively. Post the closing the registered capital of the company will increase from CNY 1,833,333,332 to CNY 2,450,381,677. Post the closing, the investors will hold 17.924%, 14.4292%, 9.0948%, 5%, 2.9927%, 2.3126%, 2.2896%, 1.5546%, 0.7903%, 0.7699%, 0.4649%, and 0.27% stake respectively. The transaction has been approved at the 16th session of the 6th directorate meeting of Yunda Holding Co., Ltd and at the 14th meeting of the 4th directorate of STO Express Co., Ltd and does not need its shareholders' approval. As part of the round Shenzhen Hive Box Technology Equity Investment Partnership Enterprise (Limited Partnership) will appoint its representative to the company’s board of directors.