CETC Energy Joint-Stock Co., Ltd. (SHSE:600877) announced a private placement of not more than 187,110,185 shares at a price of CNY 4.81 per share for gross proceeds of not more than CNY 900 million on June 16, 2021. The transaction included participation from CETC Technology R&D Investment Co., Ltd. for 103,950, 103 shares, returning investors CETC Chongqing Acoustic-Optic-Electronic Co., Ltd. for 41,580,041 shares, CETC Investment Holdings Co.,Ltd. for 41,580,041 shares. The securities will have a lock up period of 36 months from the issuance date. The transaction was approved at the 11th meeting of the 11th board of directors and 2nd meeting of the 12th board of directors of the company, China Securities Regulatory Commission approved the formal plan of this transaction.