Shenzhen EA Excelsior Computer Technology Co., Ltd. announced a private placement for gross proceeds of CNY 70,000,000 from existing investor Eternal Asia Supply Chain Management Ltd. (SZSE:002183) on January 18, 2019. The company will issue common shares in the transaction. The capital increase price is CNY 3.98 for every CNY 1 registered capital. As a part of the transaction, CNY 19,000,0000 will be added as registered capital and CNY 51,000,000 as capital reserve. Post completion of the transaction, the registered capital of the company will increase from CNY 5,000,000 to CNY 24,000,000. Post completion of the transaction, stake of the investor will increase from CNY 60% to 91.67%. The transaction has been approved in the 60th session of 5th directorate of the investor.