Urovo Technology Co., Ltd. (SZSE:300531) announced a private placement of not more than 29,451,336 A shares at an issue price of CNY 13.67 per share for gross proceeds of CNY 402,599,763 on February 27, 2020. The transaction will include participation from individual investors Huang Xiaoxing for 2,926,115 for proceeds of CNY 4,000, Xiang Hong for 2,194,586 for proceeds of CNY 30,000,000, Shi Minlong for 1,463,057 shares for proceeds of CNY 20,000,000, Chen Jianhui for 1,316,752 shares for proceeds of CNY 18,000,000, Xu Nuo for 877,834 shares for proceeds of CNY 12,000,000, Cao Wenjun for 731,528 shares for proceeds of CNY 10,000,000, Huang Limin for 365,764 shares for proceeds of CNY 5,000,000, Yang Chuan for 285,296 shares for proceeds of CNY 3,900,000, Zhang Bo for 263,350 shares for proceeds of CNY 3,600,000, Wan Bo for 219,458 shares for proceeds of CNY 3,000,000, Guan Yanqing for 204,828 shares for proceeds of CNY 2,800,000, Zhao Xiaobo for 204,828 shares for proceeds of CNY 2,800,000, Gao Sufang for 204,828 shares for proceeds of CNY 2,800,000, Qiu Yilin for 204,828 shares for proceeds of CNY 2,800,000, Wu Xiaowei for 190,197 shares for proceeds of CNY 2,600,000, Li Jingliang for 182,882 shares for proceeds of CNY 2,500,000, Wang Qinhong for 175,566 shares for proceeds of CNY 2,400,000, Zhang Yujie for 146,305 shares for proceeds of CNY 2,000,000, Yin Xiaowei for 146,305 shares for proceeds of CNY 2,000,000, Si Qi for 146,305 shares for proceeds of CNY 2,000,000, Liu Zhen for 146,305 shares for proceeds of CNY 2,000,000, Wang Teng for 138,990 shares for proceeds of CNY 1,900,000, Tong Wending for 131,675 shares for proceeds of CNY 1,800,000, Hu Fengming for 109,729 shares for proceeds of CNY 1,500,000, Li Mingmei for 80,468 shares for proceeds of CNY 1,100,000, Dou Xianmin for 73,152 shares for proceeds of CNY 1,000,000, Deng Yueyue for 73,152 shares for proceeds of CNY 1,000,000, Wang Yang for 73,152 shares for proceeds of CNY 1,000,000, Cai Hongyuan for 43,891 shares for proceeds of CNY 600,000, Huang Zhijie for 36,576 shares for proceeds of CNY 500,000, Urovo Technology (Hong Kong) Holdings Limited for 3,657,644 shares for proceeds of CNY 50,000,000, existing investors Shenzhen Botong Sichuang Consulting Co., Ltd. For 10,241,404 shares for proceeds of CNY 140,000,000, and Shenzhen Meili Investment Co., Ltd. For 2,194,586 shares for proceeds of CNY 30,000,000. The shares issued are subject to a restriction period of 18 months from the end of issuance. The transaction has been approved by the 17th session of the company’s 3rd directorate and is subject to approval from shareholders of the company and the China Securities Regulatory Commission.